WBC-Financiamiento Progresemos, S.A. de C.V. (Mexico) (DFC-FINANCIMIENTOPROGRE)

Countries
  • Mexico
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
Approved
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.
Borrower
WBC - Financiamientio Progresemos, SA de CV
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)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 30.06 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 24, 2019

Disclosed by Bank Sep 12, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the Agency's document, this project finances the expansion of Progresemos' micro, small- and medium-sized enterprise lending operations in Mexico. More than 50% of the financing will benefit women. 

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