By: Steven Ongenaet
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Assisting IDB Invest with a loan to Mexican micro-finance company Equípate
Nader, Hayaux & Goebel advised IDB Invest, a private arm of the IDB group, in relation to a loan of up to 30 million Mexican pesos (approximately US$1.7 million) to the Mexican micro-finance company Equípate. The operation will support the expansion of the loan portfolio to low-income families to make improvements in their homes. The loan is also aimed at increasing the microcredit portfolio for women entrepreneurs.