Banco ProCredit S.A.
Project Number:
EC3099A-04
Expected Consideration Date by the Board:
09/19/2011
Date Posted:
08/18/2011
Company:
Banco ProCredit S.A.
Financing Requested:
A Loan of up to US$5 million, B Loan of up to US$15 million
Sector:
Financial Services
Location:
Quito
Country:
Scope Objective:
The loan proceeds will be used to provide financing to eligible micro, small, and medium-sized enterprises in Ecuador, in a variety of productive sectors.
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, and 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.
