Nu Financeira is part of a leading financial technology group ("Nubank") based in Brazil that issues, administrates, processes, and transfers payments for post-paid credit cards as well as loans to individuals and Micro, Small and Medium-Sized Enterprises ("MSMEs").
The proceeds of the Project will be to increase its lending portfolio in MSMEs. This proposed transaction consists of a senior secured financing for Nu Financeira of up to the equivalent in Brazilian reais of up to US$75 million with a three-year tenor.
Name: Guilherme Lago
Title: Finance Vice-President
ACCOUNTABILITY MECHANISM OF IADB
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).