ME-L1251 : Promoting the Development of a New Financing Model in Mexico
Project Status: Closed
The project seeks to promote the development and growth of an internet-based collective funding platform, that facilitates person person-to-person (P2P) lending , promoted by Kubo Financiero, and enhance its housing improvement and expansion credit products. The project's general objective is to contribute to improve the quality of life of low and middle income families, through the improvement of their homes and businesses. The project will have two components: (i) a senior loan of working capital for the generation of crowdfunding loans; and (ii) a non-reimbursable Technical Cooperation for strengthening P2P lending and the development of credit products for the improvement and expansion of housing.