Name: Gemma Mayagoitia
Title: Risk Director
Telephone: (+5281) 8056-0500 Ext. 24638
The proposed transaction consists of an unsecured financing to Banca Afirme, S.A., Institución de Banca Múltiple, (“Afirme” or the “Bank”) denominated in Mexican Pesos (“MXN”) for an amount of up to MXN600 million or up to the equivalent to US$30million with a tenor of up to four years. The purpose of the Project is to support the growth of the Bank’s Small and Medium-Sized Enterprises (“SMEs”) portfolio with an emphasis on green lending projects. In addition, IDB Invest engagement will include advisory services to support the client in building a top-notch environmental and social management system, a system to adequately classify green lending projects, and advisory to strengthen internal capacities in order to generate a strong pipeline of green projects and position the Bank as a market leader in green lending.