MercadoLibre Receives $233 Million From Goldman Sachs to Expand Loans in Brazil, Mexico

Argentine online marketplace MercadoLibre Inc said on Monday it received a private financing line of $233 million from Goldman Sachs to expand its credit offer in Brazil and Mexico.

The company intends to, through its lending unit Mercado Credito, increase its loan offers to individuals and small and medium-sized companies in both countries.

Of the total figure, $106 million will be destined for Brazil and $127 million for Mexico, MercadoLibre said in a statement.

Reporting by Alberto Alerigi Jr.; Writing by Peter Frontini; Editing by Sam Holmes by Reuters via U.S. News & World Report

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