- IDB Invest promotes financial inclusion in Mexico through support to CAME
IDB Invest promotes financial inclusion in Mexico through support to CAME
08/04/2021 Since 2 months
IDB Invest will finance Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.P. (CAME) for an amount equivalent to USD 15 million denominated in Mexican pesos. The objective is to support CAME’s growth strategy in the productive portfolios of microfinance and small and medium-sized enterprises (SMEs) with a term of four years.
CAME has a holistic financial inclusion model with diversified financial services including credit, savings and insurance. This investment seeks to promote financial inclusion in Mexico and have a positive impact on the country’s economic growth, especially in businesses run by women and/or located in rural areas.
IDB Invest will provide advisory services to CAME to guide the preparation of institutions for the eventual issuance of a social bond with a gender focus. This support will be provided in the context of the We-Fi (Women Entrepreneurs Finance Initiative) programme, which seeks to promote support for the needs of women-led enterprises.
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