Capital Investment in Afore de la Gente/BANSEFI

To provide self-employed and lower-middle- and low-income workers in Mexico greater access to pension system by supporting the creation of a new retirement fund administration company, Afore de la Gente, through an equity investment, which will allow BANSEFI to diversify its activities.

Project Detail

Country

Mexico

Project Number

ME-M1017

Approval Date

March 8, 2006

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 3,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 3,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
EQU/MS-9719-ME	Non-Sovereign Guaranteed	USD - United States Dollar	Feb. 28, 2025	Oct. 30, 2006	MIF-Small Enterprise Investment Fund	Equity Financing

Operation Number

EQU/MS-9719-ME

Lending Type: Non-Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Feb. 28, 2025
Signed Date: Oct. 30, 2006
Fund: MIF-Small Enterprise Investment Fund
Financial Instrument: Equity Financing

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-2103234581-4018

Project Abstract

Project Abstract for MIF project ME-M1017 - EQU_MS-9719-ME [1793526].PDF

Dec. 31, 1999

English

https://www.iadb.org/document.cfm?id=EZSHARE-2103234581-877

Multilateral Investment Fund Abstract

Abstracto (POC) MIF_AT-722 [880568].DOC

Jan. 23, 2007

Spanish