Sartawi

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Project Number: 
BO3623A-01
Expected Consideration Date by the Board: 
09/10/2013
Date Posted: 
08/01/2013
Company: 
Sembrar Sartawi IFD (“Sartawi”)
Financing Requested: 
Loan of up to US$500,000
Sector: 
Financial Services
Location: 
La Paz, Bolivia
Country: 
Scope Objective: 

The proceeds of the loan will be used to provide micro, small, and medium-sized enterprises in Bolivia with financing through eligible loans, pursuant to eligibility criteria to be set by the IIC.

Environmental Review: 

This is a category FI-3 project according to the IIC’s Environmental and Social Sustainability Policy because the subprojects in the financial intermediary’s current or future portfolio are considered low risk. In 2010, Sartawi attended the IIC’s environmental training workshop to better understand IIC requirements and develop an environmental management system (EMS) for its operations. It subsequently engaged the services of a local consulting firm to help it develop an EMS and implement it internally. The consulting firm trained Sartawi’s management and staff to identify environmental risks related to various sectors and products. In addition to the training in environmental risk identification, Sartawi is developing tools to measure development impact and assess agricultural risks. The IIC will require Sartawi to submit periodic progress reports on implementation of its EMS.