Company name
Union de Crédito para la Contaduría Pública S.A. de C.V.
Project number
15559-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Mexico
Sector
Financial Institutions
Status
Proposed
Disclosed date
12/04/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/27/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 32,814,100
Currency
MXN
Project scope and objective
The proposed transaction consists of IDB Invest’s participation as an anchor investor in a thematic securitization of up to MXN$1 billion issued by a trust established in Mexico. The issuance is structured as a securities certificate, backed by a loan portfolio originated by the Unión de Crédito para la Contaduría Pública (Public Accounting Credit Union) S.A. de C.V. (“UniCCo” or the “Program Participant”) with IDB Invest subscribing to up to MXN$600 million, while the remaining MXN$400 million is anticipated to be acquired by other institutional investors. The funds raised will be allocated to augment the financing offered by UniCCo in the form of subloans directed towards its social portfolio (Small and Medium-Sized Enterprises or “SMEs”), green portfolio, and social portfolio with a gender perspective.
Additionally, through technical advisory services, IDB Invest will help UniCCo establish the foundations, key products, and requisite actions to position it, in the near future, as a preeminent institution in the sustainable financing sector, focusing primarily on women-led SMEs and green credit.
The issuance to be signed by IDB Invest will have the following characteristics: (i) it will consist of senior bonds denominated in Mexican Pesos (“MXN$”); (ii) it will have a term of up to five years, including a revolving period of up to two years; (iii) it will be thematic and labeled as a sustainable bond; and (iv) it will be aligned with the International Capital Market Association (“ICMA”). The funds derived from the issuance will enable UniCCo to originate new green loans and loans to SMEs in Mexico, particularly those led by women.
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Contact information
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Client Contact
PHONE NUMBER
+52 55 1102 0100
POST OFFICE ADDRESS
Insurgentes Sur No. 1898, Piso 10, Col. Florida Alcaldía Álvaro Obregón, C.P. 01030, Mexico City - Mexico
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
UNICCO - 15559-01-ME - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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