Progresemos DFS (IFC-603142)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
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.
Voting Date
Mar 31, 2019
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
Financiamiento Progresemos, S.A. de C.V., SOFOM, ENR.
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)
Advisory Services
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 @ IFC website

Updated in EWS Dec 18, 2018

Disclosed by Bank Dec 5, 2018


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Project Description

According to the bank, IFC will support Progresemos in the development and initial implementation of its digital financial services (DFS) strategy and in building the necessary foundations to engage in DFS. The project is structured in three components:

1. Optimization of the value proposition to Strategic Partners, credit methodology and operational processes
2. Automation or digitalization of key operational processes
3. Development and initial implementation of DFS strategy.

Throughout the project, the IFC team will also support Progresemos in managing institutional change and in building the capacity of its staff, ensuring proper transfer of expertise and adoption of new processes and tools.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

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