Project Notice
|
| PNR |
43224 |
| Project Name |
Kuo Group – Value Chain Financing |
| Project Detail |
Grupo KUO, S.A.B. de C.V. and its eligible subsidiaries (the "KUO Group" or "the Company") has requested financial assistance from IDB Invest to set up an uncommitted reverse factoring revolving credit facility (the "Facility") to finance the Companys suppliers in Mexico through the acquisition of collection rights (the "Project" or the "Operation"). The Operation includes accounts receivable whose payment will be deferred due to the exceptional measures taken by the Company to mitigate the impact of COVID-19 on its suppliers. |
| Funded By |
Inter-American Development Bank (IADB) |
| Sector |
Administration & Marketing |
| Country |
Mexico , Northern America |
| Project Value |
MXN 51,140,000
|
