eFactor: Supply Chain Financing (IDBI-12593-01)

  • Mexico
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
eFactor Diez, S.A.P.I de C.V
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Aug 13, 2019

Disclosed by Bank Jul 18, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to IDB Invest website, the proposed transaction consist of an uncommitted credit line to E FACTOR DIEZ SAPI de CV denominated in US dollars and/or its equivalence in Mexican pesos for up to three million United States dollars. The tenor will be up to 180 days. IDB Invest financing will be used by eFactor to (i) fund discount operations with IDB Invest under our supply chain finance facility; and (ii) increase EFD volume of operations by funding discounted invoices (mainly from Micro and Small companies) online.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.




Environmenal and Social Policy and Operations Manual

With the support of a consultant, eFactor will formalize its existing procedures with the creation of (i) a basic Environmental and Social Policy, and (ii) an Operations Manual that sets out the procedures for screening eligible suppliers under the program. The Manual will detail roles and responsibilities, classification methodology, action plan details for suppliers, and contractual clauses.

3 months post disbursement

Creation of Environmentla and Social Team

(i) Prior to the creation of the Manual, eFactor will establish an Environmental and Social Team with the responsibility to advise on the development of the Manual and address points of concern as they arise. The Team will assist in the selection and oversight of the Consultant selected to develop the manual; (ii) eFactor will nominate an individual to serve as Environmental and Social Manager with the goal to oversee the development and implementation of the Operations Manual and all subsequent activities related to screening, managing, and reporting on supplier information, E&S performance / compliance.

(i) at disbursement; (ii) 2 months post disbursement.

Hiring of a Consultant

eFactor will work with an expert consultant for the development and implementation of the Integrated Onboarding of the suppliers which includes: (i) digitalization of the KYC and (ii) the integration of the E&S questionnaiere, together with and Environmental and Social Manual for defining tasks to achieve client compliance and how to conduct its environmental and social due dilligence.

All documentation developed by the consultant will be agreed and submitted to IDB Invest.

Hiring of consultant no later than one month post disbursement

(ii) Environmentla and Social Manual TBD


eFactor will ensure ESMS manager undertakes an E&S risk management training course offered by IDB Invest or UNEP FI.

3 months after disbursement.

6. Contact InformationFor project inquiries, including environmental and social questions related to an IDB Invest transaction please contact the client (seeInvestment Summarytab), or IDB Invest using the emaildivulgacionpublica@iadb.org. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing tomecanismo@iadb.orgorMICI@iadb.org, or calling +1(202) 623-3952.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client Contact Name: Juan Carlos Cuevas
Title: Excecutive Director - Global Funding
Phone Number: +52 81-8248-0800
Email Address:



The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works