AlEn del Norte, S.A de C.V y subsidiarias incorporadas en México. (“AlEn” o la “Compañía”).
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Aguirre Hernandez, Alma Iliana
USD $ 28,000,000
Project scope and objective
The transaction consists in a noncommitted revolving reverse factoring facility (the “Transaction”) to be provided by IDB Invest to AlEn del Norte, S.A. de C.V. and its incorporated subsidiaries in Mexico (“AlEn” or the “Company”). At its sole discretion, IDB Invest will be entitled to: purchase or discount the credit rights held by suppliers payable by AlEn previously confirmed by the latter through an eligible electronic platform.
AlEn is a Mexican company engaged in manufacturing, packing and selling liquid chemical products distributed in the household cleaning products market. Its supply chain in Mexico is made up by 2,500 suppliers, mostly micro-, small- and medium-sized enterprises (MSMEs).
Through the Transaction, IDB Invest seeks to enable financing at competitive prices for AlEn’s suppliers in Mexico by discounting or monetizing their credit rights arising from the sale of goods and/or services to AlEn. The average expiry of the credit rights under the Transaction is expected to be 180 days. Reverse factoring solutions are aimed at enabling access to viable financing to suppliers which are mostly MSMEs.
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Imelda Loveli Suarez Silva
+ 52 81 8122 1000
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005