According to an official press release, the International Finance Corporation (IFC), a private sector arm of the World Bank that invests in and advises financially and environmentally sustainable development projects, and the Andean Development Corporation (CAF), a multilateral financial institution, have confirmed their investment in MicroCred Mexico, a microfinance institution created by MicroCred Holdings, a microfinance investment group. IFC will take a 15 percent stake in the capital of Microcred Mexico and CAF will have a 9 percent stake. Other current investors include Microcred S.A., its parent organization, PlaNet Finance Mexico, an international network of non governmental organizations (NGOs) working to develop the microfinance industry, and the Mexican private equity funds, Protama.
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