Mexican Bank Investing In Social Innovation for Mexico's Growth

Banorte-Ixe, a major bank in Mexico, is committed to social innovation and sustainable development in this country, and has been working since 2011 to promote initiatives that will help to strengthen impact investment. This is a new form of investment, which provides capital to businesses aimed at creating social and/or environmental benefits, including financial returns. Banorte-Ixe has also recently launched a loan product with preferential rates for Small to Medium Sized Enterprises (SMEs) whose business is focused on cultural activities.

Banorte is committed to its 'green policies' and sponsored The Green Pitch event in Nuevo León, which was organised by New Ventures Mexico. It brought together 130 main representatives of the Latin America impact investment community to connect the leading regional SMEs that generate a positive environmental and/or social innovation impact, with leading investors. The conference gave each SME the opportunity to pitch to investors, showing how innovative their business concept is along with its environmental and/or social impact. Nuevo León is recognized as Mexico's business summit, where more than 1,800 foreign companies are established here.

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Sangeeta Haindl is a staff writer for Justmeans on Social Enterprise. When not writing for Justmeans, Sangeeta wears her other hat as a PR professional. Over the years, she has worked with high-profile organizations within the public, not-for-profit and corporate sectors; and won awards from her industry. She now runs her own UK consultancy: Serendipity PR & Media.