Press Releases

IFC to Help Build Affordable Housing, Create Jobs in Mexico

In Washington, D.C.:
Adriana Gomez, IFC

Phone: +1 (202) 458 5204


In Mexico City:

Domingo Valdés, CFO Vinte

Phone: +52 (55) 91 71 15 27


Washington, D.C., April 11, 2011—IFC, a member of the World Bank Group, is helping Mexico’s Vinte Viviendas Integrales S.A.P.I. build high-quality, affordable homes for families of low- and lower-middle incomes throughout the country.  With IFC’s structured financing, Vinte will provide about 3,000 modern, broadband-connected units a year, creating at least 2,200 jobs by 2013.

IFC provided a 50 percent partial-credit guarantee to the bond issuance of 100 million pesos (about $8.4 million) offered by Vinte.  The transaction, Vinte’s first bond placement in the market, will enable the company to expand its homebuilding operations to new geographical areas and reach a broader client base.  This will increase Vinte’s funding sources and, for the first time, tap into longer-term funding from domestic capital markets.

“IFC’s structured financing will help Vinte access a new type of institutional investor to help expand our portfolio of affordable-housing projects,” said Sergio Leal, Vinte’s CEO.  “We confirm once again that IFC is a long-term investor in Vinte’s sustainable business model.”

With IFC’s partial-credit guarantee, the three-year bond has received high local ratings by Moody’s Investors Service and HR Ratings.  This is the second time IFC has supported Vinte.  In 2008, IFC provided debt and equity financing to help the company increase its operations across different regions of the country.

Roberto Albisetti, IFC Country Manager for Mexico and Central America, said, “The successful placement of Vinte’s bond demonstrates IFC’s capacity to mobilize local-market resources for innovative institutions that play a key role in economic development and job creation in Mexico.”

Vinte is a leader in sustainable housing developments for low and lower-middle income families in Mexico.  The company has become a model in Mexico for strong financial performance and technologically innovative housing products, and IFC is committed to assisting successful, sustainability-focused companies like Vinte achieve their growth plans.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. In a time of global economic uncertainty, our new investments climbed to a record $18 billion in fiscal 2010. For more information, visit