Vii Capital MTN Fund
Vii Capital MTN Fund LLC, a Delaware limited liability company (“we”, “our”, us”, or the “Fund”) is a private Investment Company formed by our Managing Member, Vii Global MTN LLC. The Fund is a special purpose entity formed by our Managing Member to provide a secured credit facility, either directly or indirectly through one or more Affiliate entities, for one or more loans and/or investments of up to USD $25,000,000 (the “Loan(s)” and/or “Investment(s)”) to or in Nomina Apoyo SAPI de CV SOFOM E.N.R., a Mexico variable stock company and/or its Affiliates doing business as Multiplica Tu Nomina (“MTN”), in connection with MTN’s current business of making short-term personal or “payday advance” loans to the personnel of various government and private employers in Mexico that require consumer loans that are immediately available.
MTN has an innovative track record of contracting directly with government and private sector employers to secure repayment from MTN debtor customers directly from their weekly or regular employment payroll checks. MTN specializes in granting credit through automatic payroll deduction modality systems at competitive rates and on reasonable repayment terms for such borrowers. MTN helps provide its debtor customers with relatively immediate liquidity through access to credit secured by their payroll.