Agrofinanzas S.A. de C.V.
The objective of this IIC financing is to support Agrofinanzas’ lending activities aimed at providing financing to small and medium-sized enterprises operating in Mexico’s agriculture and agribusiness sectors.
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. To be better informed about IIC requirements, representatives of Agrofinanzas attended the IIC’s environmental training workshop for financial intermediaries in 2009, and the institution now has an environmental management system. Each subproject will be subject to an environmental review and must comply with domestic environmental and labor laws, regulations, and standards, as well as IIC environmental guidelines.