IFC proposes an equity co-investment in Crediclub S.A. de C.V. The co-investment will be made through an Ontario-based Limited Partnership alongside L Catterton Latin America Fund III L.P.Crediclub is a fast-growing microfinance institution (MFI) focused on lending to the lower income segment in Mexico, with an innovative and digital deposit funding structure that represents a unique business model compared to its more traditional peers.
IFC proposes an equity investment of up to US$10 million in the co-investment Limited Partnership.
The General Partner of the Ontario-based Limited Partnership is LCLA Managing Partner III, L.P., an Ontario Limited Partnership. The Fund’s Manager, Catterton Latin America Management Co, a Delaware corporation, is registered with the U.S. Securities and Exchange Commission (SEC) under the SEC’s umbrella registration rules.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|International Finance Corporation (IFC)||Buyer||Finance||invests in||Crediclub S.A. de C.V.||Client||Finance|
|International Finance Corporation (IFC)||Buyer||Finance||contracts with||L Catterton Latin America Fund III L.P.||Investor||Finance|
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