MFX Solutions III (DFC-2017-MFXSOLUTIONSI)

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
U
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.
Borrower
MFX Solutions
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.
Loan Amount (USD)
$ 120.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
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 @ DFC website

Updated in EWS Jun 29, 2020


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Project Description

The Project involves a $28 million increase in a previous DFC/OPIC investment guaranty to MFX Solutions, a U.S.-based organization that offers currency hedging services to micro, small and medium enterprise financial intermediaries. DFC/OPIC provided an initial guaranty of $20 million to MFX in 2009.

According to DFC documents, projects involving currency hedging services to MSME financial intermediaries are screened as risk category D.

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

Project contacts were not available at the time of disclosure.