AlEn - Supply Chain (IDBI-13283-01)

Countries
  • Mexico
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
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 19, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
AlEn del Norte, S.A de C.V and its incorporated subsidiaries in Mexico ("AlEn" or the "Company")
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Mar 5, 2021

Disclosed by Bank Feb 23, 2021


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Project Description

The transaction consists in a noncommitted revolving reverse factoring facility (the "Transaction") to be provided by IDB Invest to AlEn del Norte, S.A. de C.V. and its incorporated subsidiaries in Mexico ("AlEn" or the "Company"). At its sole discretion, IDB Invest will be entitled to: purchase or discount the credit rights held by suppliers payable by AlEn previously confirmed by the latter through an eligible electronic platform.

AlEn is a Mexican company engaged in manufacturing, packing and selling liquid chemical products distributed in the household cleaning products market. Its supply chain in Mexico is made up by 2,500 suppliers, mostly micro-, small- and medium-sized enterprises (MSMEs).

Through the Transaction, IDB Invest seeks to enable financing at competitive prices for AlEn's suppliers in Mexico by discounting or monetizing their credit rights arising from the sale of goods and/or services to AlEn. The average expiry of the credit rights under the Transaction is expected to be 180 days. Reverse factoring solutions are aimed at enabling access to viable financing to suppliers which are mostly MSMEs.

Investment Description

The investment amount was not availabçe at the moment of the snapshot.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
AlEn del Norte, S.A. de C.V. Parent Company Industry and Trade owns AlEn México Contractor Industry and Trade

Contact Information

For questions about this Transaction, contact ALEN del Norte, S.A. de C.V.:

Name:                                           Imelda Loveli Suarez Silva

Title:                                              Treasury Management

Phone number:                         + 52 81 8122 1000

Email:                                          loveli.suarez@alen.com.mx                                 

 

For questions and comments to IDB Invest, contact:

Name:                                          IDB Invest Communications Group

Email:                                           requestinformation@idbinvest.org 

 

In addition, as a last resource, affected communities have access to the Independent Consultation and Investigation Mechanism of IDB Invest as follows: 

Phone number:                            +1 (202) 623-3952

Fax:                                            +1 (202) 312-4057

Address:                                      1300 New York Ave. NW

                                                   Washington, DC. USA. 20577

 

Email:                                             mecanismo@iadb.org  or MICI@iadb.org