Original disclosure @ IFC website
Updated in EWS Mar 9, 2021
Disclosed by Bank Feb 23, 2021
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The proposed investment consists of a senior secured loan to ALTUM CP, S.A.P.I. DE C.V. SOFOM E.N.R. (AltumCP), an existing IFC client and an operating vehicle of the Altum Fund (together the Fund or Altum). The Fund is managed by Legorreta Gómez y Asociados, S.C. (LG&A or the Fund Manager). The proceeds will be used to finance NBFIs and SMEs in Mexico, which have limited access to bank loans. For the 1st commitment, at least 60% of the proceeds will fund climate related activities such as renewable energy (RE), solar panels for households and small businesses, and energy efficiency (EE).
The investment amount was not available at the moment of the snapshot.
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