Moni Online S.A.

in implementation

Moni is a provider of financial services and a virtual wallet intended to serve underserved and/or unserved banking industry consumers. The Inter-American Investment Corporation (“IIC”) funds will allow Moni to expand its loan portfolio in Argentina to underbanked sectors and to flexibly and efficiently expand the products and services it offers. The most significant impacts on development derived from the Project are as follows: (a) promotion of financial inclusion, primarily among the underbanked population, through short and medium-term microloans; (b) gradually increase the microloans terms; and (c) time and cost savings for individuals using a digital tool to pay bills and grant loans.Brief Description of the Project:The proposed Project will consist of a convertible debt of up to US$3 million with a three-year term for Finven Latam Inc. (“Moni”), to be granted by the IIC.