Fintech solutions for financial inclusion (IADB-ME-T1340)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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.
Investment Amount (USD)
$ 0.18 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)
$ 0.19 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 @ IADB website

Updated in EWS Nov 13, 2017


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Project Description
The objective of this technical cooperation is to design a series of mechanisms that encourage the development of innovative products in the fintech segment for the housing sector. Specifically, it will seek to identify business models that work in other countries and best practices to design business models applicable in Mexico, identifying the added value that can be granted by a Development Bank as a Federal Mortgage Corporation (SHF) for the deployment of innovative products that To finance segments and sectors not served by Commercial Banking.
Investment Description
  • Inter-American Development Bank (IADB)
ESTIMATED TOTAL COST: USD 198,000 ESTIMATED COUNTRY COUNTERPART FINANCING: USD 18,000 IDB FINANCING: USD 180,000
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).