Skip to main content
Promoting the Development of a New Financing Model in Mexico
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

Country

Mexico

Project Number

ME-L1251

Approval Date

November 30, 2016

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 2,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 2,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3826/MS-ME Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 3826/MS-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1908295671-6
Approved TC document
ME-M1110 - ME-L1251 - Resumen del proyecto.pdf
Jul. 12, 2018
Spanish
Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1908295671-7
ME-M1110 - ME-L1251 - Project Summary.pdf
Jul. 12, 2018
English

Have an Environmental or Social issue related to IDB projects? File a Complaint

Jump back to top