COMPARTAMOS

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: 
ME3740A-01
Expected Consideration Date by the Board: 
05/16/2006
Date Posted: 
04/12/2006
Company: 
Financiera Compartamos S.A. de C.V.
Financing Requested: 
Sector: 
Financial Services
Location: 
Country: 
Scope Objective: 

Financiera Compartamos is Mexico’s leading microcredit institution. Its efforts are aimed at meeting the needs of Mexico’s most underprivileged, through loans to small companies owned primarily by women living in rural and urban areas. The purpose of the IIC financing is to support Compartamos in its lending activities and geographic expansion.

Environmental Review: 

This is a Category III project according to IIC environmental and labor review procedures since specific impacts can be avoided or mitigated by adhering to generally recognized standards, performance guidelines, or design criteria. The activities of Compartamos will be required to comply with national, environmental, and labor laws, regulations and standards as well as IIC policies. To enable the Borrower to better understand the IIC’s requirements, Compartamos shall be required to attend IIC’s financial intermediary environmental training seminar or another seminar organized by a multilateral institution and including training on how to prepare an environmental management manual.