For inquiries and comments to IIC, contact:
IIC’s Communications Group

For project inquiries, including environmental and social questions related to an IDB Invest investment, please contact the client or IDB Invest using the contact information provided above. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: or

Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Afluenta Holding S.L.
Financing Requested: 
Up to US$5 millon
Science and Technology
Environmental and Social Category: 
Plans to expand into other markets in the LAC region.
Scope Objective: 

Afluenta is an online regional marketplace lending company with operations in Argentina, Mexico and Peru which connects individual and institutional lenders with consumers and MSME looking for loans.

The company provides faster, convenient and affordable loans thru eliminating some intermediary costs that constrain consumer and SMEs lending. The Afluenta community in Latin America includes more than 1,300,000 people and has provided loans for about US$45,000,000 through more than 3,500,000 transactions, which makes it the largest medium-term collaborative lending platform for individuals in the region.

The funding will be utilized to support its existing operations and its regional expansion within Latin America and to further promote MSME lending.

Environmental Review: 

a. Overview of Scope of IDB Invest E&S Review

The environmental and social review of the proposed transaction was carried out through desk research, and phone calls with the client. Afluenta is a new IDB Invest client focused on marketplace lending. On-lending risks are considered low as the focus of on-lending is retail and microfinance borrowers.

b. Environmental and Social Categorization and Rationale

The proposed operation is classified as an FI-3 per IDB Invest’s Sustainability Policy. Sub-loans average US$3,000 and are individuals and microfinance borrowers. At appraisal, an assessment of Afluenta’s office space and HR policies were found to be compliant with IDB Invest requirements. 

c. Environmental and Social Risks and Impacts

The environmental and social risks are minimal given the focus on retail borrowers. There are no environmental and social impacts of concern with retail lending. 

d. Mitigation Measures

Afluenta will be required to apply local law and undertake minimal Know Your Client (KYC) screening during its client evaluation process.  Additionally, Afluenta will undergo IDB Invest’s on-line training for environmental and social risk management.

e. E&S Action Plan

No action plan is required.

Contact Information: 

For inquires about the Project, contact:

Client Contact Name:  Alejandro J. Cosentino
Title:      Founder & CEO
Phone:  +54 11 5219 6655 ext 18
Email Address: