Business Services Industry
IFC loans US$10 million to Mexmal Group.(International Finance Corp.)(Brief Article)
Latin America Telecom, July, 2003
The International Finance Corporation, a member of the World Bank Group, plans to loan US$10 million to Mexican IT systems distributor Mexmal Group. The loan proceeds will allow Mexmal to offer a broader portfolio of services and expand its geographic reach. Mexmal, with headquarters in Monterrey, Mexico, and Laredo, Texas, distributes the products of major international manufactures as well as its own branded products.
The company has 9 branch offices and employs approximately 350 people.
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