1. Home
  2. »
  3. News
  4. »
  5. 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.

This post is also available in: Spanish Portuguese (Brazil)

With IDB’s support, Brazil’s Eletrobras issues its first Green Bonds to finance electricity transmission lines
Eletrobras, a company in the electricity sector in Brazil, debuted in the green bond market with an issue made by its subsidiary CGT Eletrosul. R$ 185 million (about US$ 34,6 million) will be put on the market in the ...
Since 24 hours Read More
FEBRABAN Banking Economy Award
Since 2009 FEBRABAN has been promoting the FEBRABAN Banking Economy Award, which aims to encourage debate and academic research on themes related to the financial market and banking economy. In this 13th Edition, a...
Since 1 week Read More
Chile issues Treasury Social Bonds for US$2.1 billion in foreign currency
The Ministry of Finance informs the issuance of Treasury bonds in the international markets for a total equivalent of approximately US$2.1 billion, as part of the Central Government’s 2021 additional financing plan. T...
Since 1 week Read More