IIC-NAFIN Guarantees Program

inactive

Participation in risk in favor of the financial institutions participating in the IIC-NAFIN Guarantee Program, with Nacional Financiera, S.N.C. (NAFIN), a Mexican development bank and a leader in providing financing to small and medium-size enterprises that supply public sector agencies and first-tier private companies.The program for participating in risk will provide access to working capital financing for small suppliers of first-tier companies; this will be accomplished through financial institutions (banks) that will provide funding to small enterprises in the form of loans to finance orders. The banks will absorb 50% of the risk, and NAFIN, through Trust 1148-O set up for this purpose, will guarantee 50% (20% of the Trust funds will be contributed by the IIC and 30% will be directly from the Trust’s own resources) of the loans to small suppliers of first-tier companies operating in a variety of productive sectors throughout Mexico.