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Progresemos V

Sector: Commercial • Location: Mexico

Source: International Finance Corporation (IFC)

Project
Active

 The project is to extend a Mexican Peso (MXN) line of credit to continue supporting the loan portfolio growth in Financiamiento Progresemos, S.A. de C.V., SOFOM, ENR (“Progresemos” or the “Company). The proposed project fits well into IFC’s financial sector strategy for Mexico, and offers IFC the opportunity to continue supporting a high growth and financially sound long-term partner that is succ

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Project Information

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The project “Progresemos V” is an infrastructure initiative in the Commercial sector, located in Mexico. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

active

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Description

Description

 The project is to extend a Mexican Peso (MXN) line of credit to continue supporting the loan portfolio growth in Financiamiento Progresemos, S.A. de C.V., SOFOM, ENR (“Progresemos” or the “Company). The proposed project fits well into IFC’s financial sector strategy for Mexico, and offers IFC the opportunity to continue supporting a high growth and financially sound long-term partner that is successfully engaged in microfinance lending. It is expected to reach women microentrepreneurs in Mexican frontier regions and continue to: (i) enhance microlending competitiveness of the private sector; (ii) help deepen the financial sector since a high portion of the clients served, are outside the formal financial sector; and (iii) encourage sustainable social and environmental development.                                                  

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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