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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.

Project Detail

Project Number
ME-L1251
Project Country
Mexico
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL INCLUSION
Project Type
Loan Operation
Environmental and social impact category
B13
Project Status
Closed
Operation Number
3826/MS-ME

Financial Information

Project Number
ME-L1251
Project Status
Closed

IDB Financing

Financing type
MIF
Fund
MIF-Small Enterprise Investment Fund
Reporting currency
USD - United States Dollar
Reporting date
Sep/17/2021

Roles & Responsibilities

Contract signature date
Nov/17/2017

Project Information

Total Cost
USD 2,000,000
Country counterpart financing
USD 0
Amount
USD 2,000,000

Approved

Title
Type
Project Number
Date Published