Alloy (Mexico) (DFC-ALLOY)

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
Alloy MF Mexico, S. de R.L. de C.V. and Alloy MF Gestion, S. de R.L. de C.V.
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 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)
$ 39.74 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 Nov 4, 2019


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Project Description

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.

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

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.