Financiera Multivalores

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: 
CR3579A-01
Expected Consideration Date by the Board: 
10/11/2005
Date Posted: 
09/09/2005
Company: 
Financiera Multivalores
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 

The project consists of a long-term loan of up to US$1 million to Financiera Multivalores. The loan proceeds will be used to finance the growth of the residential mortgage portfolio.

Environmental Review: 
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. All mortgage loans must comply with local environmental and labor standards and with the IIC's policies. In order to better understand the IIC’s environmental and labor guidelines, Financiera Multivalores will be required to attend the IIC’s environmental training workshop for financial intermediaries.