BANCO FINANCIERA CENTROAMERICANA (FICENSA)

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: 
HO1032A-01
Expected Consideration Date by the Board: 
12/07/1999
Date Posted: 
11/09/1999
Company: 
Banco FICENSA
Financing Requested: 
Sector: 
Financial Services
Location: 
Tegucigalpa, San Pedro Sula, and other cities in Honduras
Country: 
Scope Objective: 
Project Description: The project consists of a seven-year loan of up to $4 million. The loan will be used to provide medium and long-term financing to small and medium-size companies; such financing is difficult to obtain in Honduras. The Bank will focus on granting subloans to companies that operate chiefly in the industrial, manufacturing, construction, agribusiness, and other eligible sectors.
Environmental Review: 
This is a category III project according to IIC’s environmental review procedure.

Each subproject will be subject to an environmental review and must comply with the environmental, labor, and safety laws, regulations and standards of Honduras as well as the IIC’s environmental and labor policies. In order for the Bank to acquire a thorough, consistent knowledge of IIC requirements, it will receive an environmental orientation visit as required and it will be required by contract to attend the IIC’s environmental training seminar. Both the orientation visit and the seminar will provide a basis for the recognition of environmental, safety, and labor issues as well as their respective IIC policy requirements.