Banco Solidario S.A.

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

For project inquiries, including environmental and social questions related to an IIC investment, please contact the client or the IIC using the contact information provided above. In addition, project affected communities have access to the IIC 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: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
BO0011A-02
Expected Consideration Date by the Board: 
10/07/2008
Date Posted: 
09/04/2008
Company: 
Banco Solidario S.A.
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 

The project consists of a US$5 million loan to Banco Solidario S.A. The proceeds will be used to provide financing to microenterprises in Bolivia in the form of short- and medium-term loans for working capital or business expansion.

Environmental Review: 

Environmental and Labor Issues: This is a category III project according to the IIC’s environmental and labor review procedure because it could produce certain effects that may be avoided or mitigated by following generally recognized performance standards, guidelines, or design criteria. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations and standards as well as IIC environmental guidelines. To enable the borrower to better understand the IIC’s requirements, Banco Solidario S.A. shall be required to attend the IIC financial intermediary environmental training workshop.