OPIC’s loan of up to $15 million will be used to expand Alloy’s portfolio of equipment leases, factoring transactions and loans to OPIC Eligible SME borrowers in Mexico (the “Project”). The expected development impacts of this transaction will contribute to OPIC’s longstanding objective of closing the credit gap in Mexico. While improvements in financial deepening and access to credit have transpired in the last decade, credit depth in Mexico continues to lag behind that of advanced economies and its Latin America and Caribbean peers.
Alloy is an unregulated specialty finance company created in 2015 to provide Mexican SMEs with financing solutions primarily through leasing, factoring and loans. Alloy currently has an office in Mexico City and an office in Houston, Texas in the United States.