Fondo Financiero Privado Prodem S.A. (PRODEM)
Expected Consideration Date by the Board:
Fondo Financiero Privado Prodem S.A.
The proposed line of credit is for a loan in the amount of US$1 million to Fondo Financiero Privado Prodem S.A. The proceeds will be used to provide financing to micro and small-size Bolivian companies, for working capital or to finance capital assets, machinery or other fixed asset purchases.
Environmental Classification and Issues: This is a Category III project according to the IIC’s environmental and labor review procedure because specific impacts may result which can be avoided or mitigated by adhering to 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 policies. To enable the Borrower to better understand the IIC’s requirements, Fondo Financiero Privado Prodem S.A. shall be required to attend IIC’s financial intermediary environmental training seminar.