The Harvest Platform

2014

 

 

Velifin celebrated a MXN $40MM credit facility with one of the leading SOFOMs in the country, specialized on providing productive micro financing throughout the country.

The facility granted, Velifin's first for this asset type, will support the SOFOM on attending the financial needs of a significant number of individuals with productive activities in the country. The transaction was secured through a non-possessory pledge agreement and included an interest-only period which will reinforce the SOFOM sustained growth.

 

 

Velifin celebrated a MXN $30MM facility with a SOFOM specialized on providing financing to SMEs and individuals with business activities through receivables factoring transactions.

The facility granted to this SOFOM will be used to provide financing to SMEs and individuals with business activities with liquidity needs for working capital throughout the country. This transaction was secured through a non-possessory pledge agreement.

 

 

Interview from the Mexican SOFOM Asociation (ASOFOM) to Velifin’s CEO.

Published in March 2014 in Vinculo ASOFOM magazine.

For the full announcement, read more

 

 

2013

 

 

Velifin provided a MXN $40MM credit facility to one of the leading SOFOMs from the southeast region of the country, specialized in financing micro, small and medium enterprises.

This transaction, the first for Velifin in the southeast region of Mexico, will be used to finance SMEs from a variety of industries located majorly in the Mexican states of Yucatán, Quintana Roo, Campeche and Tabasco. The transaction includes an extended interest-only period, aiming to support the SOFOM’s growth

 

 

The Department of State and USAID announced a partnership with Velifin to provide up to USD $60 million in local credit available for small and medium enterprises (SMEs) in Mexico.

For the full announcement, read more

 

 

Velifin celebrated a MXN $50MM facility with a SOFOM specialized on financing productive activities in the country, through a wide variety of credit products.
The facility granted to this SOFOM, which is part of an important group of companies in Mexico, will be used to provide productive financing in the country, majorly to the transport industry. This transaction was secured through a non-possessory pledge agreement and included the joint obligation from one of the flagship companies of the group.

 

 

Velifin granted a MXN $30MM credit facility to a SOFOM specialized in providing financing, in the form of receivables factoring, to suppliers among a variety of industries.
This transaction will support the SOFOM on increasing its product offering to suppliers, most of them SMEs located in Mexico City and its surroundings. The credit facility was secured through a non-possessory pledge agreement and includes interest-only and amortization periods exclusively designed to meet the SOFOM’s needs.

 

 

2012

 

 

Velifin executed a MXN $20MM credit facility with an innovative SOFOM specialized in factoring electronic invoices.
The proceeds from the facility will leverage the SOFOM’s equity, aiming to support the portfolio growth and to fulfill its clients’ financial needs. The transaction was secured through a non-possessory pledge agreement and included a mandatory agreement over the collection’s platform used by the SOFOM.

 

 

Velifin closed a MXN $30MM credit facility with a SOFOM specialized on financing the acquisition of productive assets.
This transaction will support the SOFOM on attending the increased demand it faces for loan and leasing transactions. The credit facility includes tailored disbursement and repayment periods, exclusively adjusted to the SOFOM’s needs. A non-possessory pledge agreement was used to secure the collateral and included the joint obligation of the most significant shareholders of the SOFOM.
After 9 months of working with Velifin, based on the outstanding performance and the growth experienced by the SOFOM, the facility was increased.

 

 

Velifin provided MXN $25MM in financing to a SOFOM located in the central region of the county, aiming to support the origination of payroll deduction loans. 
The collateral for this transaction was secured through a non-possessory pledge agreement and a lockbox-like structure over the SOFOM’s collection account. The facility will increase the financing capacity of the SOFOM in lending to government employees along the country.

 

 

Velifin closed a MXN $25MM credit transaction with a SOFOM which is part of one of the most recognized group of companies in the country, focused on financing the productive sector.
The facility granted to this SOFOM, will be used to support SMEs from a variety of industries located in the central region of the country. The transaction was structured through a non-possessory pledge agreement and included the corporate guarantee from the most significant company of the group.

 

 

Velifin executed a MXN $30MM credit facility with a seasoned SOFOM focused on financing SMEs through leasing transactions.
This transaction, the first for Velifin in this market niche, will be used to strength and diversify the SOFOM’s funding sources, and will support the achievement of its growth goals.  A non-possessory pledge agreement was used to secure the collateral. 

 

 

2011

 

 

Velifin closed a MXN $50MM credit transaction with a SOFOM specialized exclusively in financing SMEs through term loans and factoring arrangements.
The facility provides financing for new loans and full-recourse factoring receivables to a variety of small businesses. It is secured by a payment and administration trust, with customized payment terms designed to meet the unique requirements of the SOFOM. Velifin's facility will help the client grow its portfolio as well as expand to other markets that were previously unavailable.
Due to the accelerated growth that the SOFOM experienced and the superb performance of the overall portfolio, the facility was increased after closing.

 

 

Velifin established a MXN $30MM credit facility with an innovative SOFOM from the Northwestern region of Mexico, focused on the agro-industrial sector.
The credit facility, which will be used to support SMEs in agro related industries, includes an extended disbursement period as well as other tailored mechanics designed to facilitate the SOFOM's steady growth while maintaining portfolio quality. A non-possessory pledge arrangement was used to document the collateral.
Since closing, the facility amount has been increased due to the SOFOM’s outstanding performance and the increased demand that it faces.

 

 

Velifin provided MXN $50MM in financing to one of the largest SOFOMs in Mexico, to support the financing of consumer loans repaid by payroll deduction.
This transaction, the first for Velifin in this market sector, is secured by a master trust structure and will be used to support the SOFOM’s growth in lending, primarily to Mexican government employees. As an enhancement, an interest-only period was included in the loan structure because of the Sofom's excellent origination and collection practices.

 

 

Velifin executed a MXN $30MM credit transaction with one of the leading SOFOMs in Mexico focused on providing financing to a variety of small businesses.
This innovative transaction was specifically designed to accommodate the unique cash flow characteristics of the SOFOM. After an extended interest-only period, the repayment of the Velifin facility will be matched to the cash-flow generated by the underlying assets which will serve as collateral.

A pledge agreement was used to document the guarantee. Since closing, the facility amount has been increased due to superb performance and an increase of demand for the SOFOM's products.

 

 

Velifin provided MXN $20MM in financing to a Mexico City SOFOM focused on providing financing to the furniture manufacturing industry.
The facility was established to enable the SOFOM to provide working capital to small and medium furniture manufacturing companies. The transaction was specifically structured to accommodate the short-term nature of the client's portfolio assets. The customized terms of the Velifin facility will enable the SOFOM to grow its business and allow it to offer more flexible products to its clients.
Based on the payment experience, the compliance with all the covenants established in the agreement, as well as on the SOFOM’s growth, Velifin granted a line increase to this client.

 

 

2010

 

 

Velifin closed its first transaction for MXN $50MM with one of the largest SOFOMs in Mexico.
The collateral for this transaction was structured through a non-possessory pledge agreement. The SOFOM will use the financing to provide credit to the productive SME sector. The facility included, among other tailored mechanics, an interest-only period which contributed to the growth goals of the SOFOM.

 

 

2009

 

 

Velifin uses OPIC loan to support lending to SMEs in Mexico
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