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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-M1110

Approval Date

November 30, 2016

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL INCLUSION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 602,000.00

Country Counterpart Financing

USD 299,000.00

Original Amount Approved

USD 303,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-15909-ME Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-15909-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1526917248-3
ME-M1110 - ME-L1251 - Project Summary.pdf
Published Jul. 12, 2018
Download
https://www.iadb.org/document.cfm?id=EZSHARE-1526917248-4
ME-M1110 - ME-L1251 - Resumen del proyecto.pdf
Published Jul. 12, 2018
Download

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