MFX Solutions II (DFC-2016-MFXSOLUTIONSII)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
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.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 48.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 28.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 29, 2020


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Project Description

According to DFC documents, the Project involves a $28 million increase in OPIC’s investment guaranty to MFX Solutions (“MFX”), a U.S.- based organization that offers currency hedging services to micro, small and medium enterprise (“MSME”) financial intermediaries (the “Project”). OPIC provided an initial guaranty of $20 million to MFX in 2009, and this Project will extend the tenor and increase the size of the guaranty.

The OPIC-supported guaranty will permit MFX to increase the number of MSME clients to which it offers hedging services as well as offer hedging products to borrowers operating in certain impact sectors, such as renewable energy and housing. 

The Project has been assigned a risk category of D.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

*Project contacts not provided at the time of disclosure.*