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Country Mexico
Beneficiaries                  microbusinesses
Project Description Konfio is an online Mexican lending platform that helps financially underserved microenterprises in Latin America to obtain convenient and affordable loans through a propriety algorithm that uses technology to measure creditworthiness. The platform grants small businesses loans that help them grow their operations and develop their businesses with competitive rates and through an online process. Konfio seeks to fuel the growth of small businesses in emerging markets with accessible credit lines through technological innovation.
Legal Scope Sidley is providing assistance with reviewing and advising on a term sheet for equity and debt financing.