IFC Grants Financing to Arrendamás for $1,000 Million Pesos to Boost SMEs in Mexico

The International Finance Corporation (IFC), a member of the World Bank Group, granted a financing package of $1,000 million pesos (about $51 million) to Arrendamás with the objective to boost the development of small and medium-sized enterprises (SMEs) in Mexico.

The IFC financing will be aimed at supporting the growth plan of Arrendamás, focusing on increasing both the placement of products, as well as the diversification and quality of its credit portfolio. Arrendamás is a non-bank financial institution (NBFI) based in Guadalajara, Mexico, which has granted more than $7.7 billion pesos in loans and leases to SMEs in more than 15 states of the country.