Financiera Educativa de Mexico S.A. de C.V.

completed

The project is to support the establishment of Financiera Educativa de Mexico S.A. de C.V. (“FINEM” or “the company”), a new specialized non-bank financial institution that will be established as a “sociedad financiera de objeto limitado” (SOFOL) and focus on financing the Mexican education sector. FINEM’s core business will be to provide peso denominated term loans to eligible Mexican privately-owned schools and higher education institutions, to help fund their expansion and infrastructure modernization programs. In addition, FINEM will provide advisory services or technical assistance in a wide range of managerial or technical disciplines, to help qualifying clients reinforce the quality of their management and become more viable and competitive firms. FINEM will initially target upper-secondary and higher education institutions and gradually extend its services across all segments of the education market.The project aims to address the currently large gap between demand and supply of long-term financing for private education institutions in Mexico, and to contribute to improving the quality of infrastructure, education and management in the private education sector through investments and technical assistance.