9. 2. 2023

Lime MX, a loan provider from Mexico, is part of the Russian Lime Credit Group. The two companies are financially interconnected. Sanctions imposed on the Russian Federation after the invasion of Ukraine in the form of disconnection of Russian banks from the global payment system SWIFT complicate international fund transfers. This is not only towards creditors, i.e. you, the investors, but also within economically interconnected entities.

Lime MX is in a growth phase, and its operations are still financed by the parent company. As the transfer of funds from the parent company located in the Russian Federation cannot be sufficiently implemented, Lime MX is facing a complicated cash flow management situation and is currently unable to meet the buyback guarantee. We are in contact with the loan originator and its parent company and are looking for possible solutions. 

For this reason, we have stopped issuing new loans to the Lime MX provider as of 8 November 2022. We are in intensive negotiations on the terms of the repayment schedule for all Lime Credit Group providers (i.e. Lime Zaim, Lime Loans South Africa, and Lime MX). 

We kindly ask for patience from all our investors. We are confident that the situation will be resolved, and funds will start coming in from the loan originator.

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