Banco ProCredit S.A.
The loan proceeds will be used to provide financing to micro, small, and medium-size enterprises in Ecuador. Eligible enterprises shall not exceed US$5 million in assets or yearly revenue.
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. Banco ProCredit S.A. has attended the IIC financial intermediary environmental training workshop. 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.