FINAE

completed

FINAE S.A.P.I de C.V, Sociedad Financiera de Objeto Multiple, E.N.R is a non-regulated, non-bank financial institution incorporated in 2006 offering exclusively student lending products to students attending Mexico’s private universities. It combines commercial operations with a strong social orientation. Its innovative approach to education finance is a replicable model that has the potential to improve access to tertiary education in the Country and across other emerging markets. FINAE’s growth potential is large however limited by the obstacles of the funding alternatives available in the Country, where they are required to provide a ~ 1.25x security coverage ratio to obtain financing. By providing an unsecured credit line, IFC will allow the Company to grow its portfolio at a much faster pace. The proposed project entails an unsecured peso denominated A Loan for up to MXN 130 million (US$8.3millionequivalent); 5years tenor, including a 2year grace period.