Agrofinanzas S.A. de C.V.

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-03
Expected Consideration Date by the Board: 
11/26/2012
Date Posted: 
10/26/2012
Company: 
Agrofinanzas S.A. de C.V.
Financing Requested: 
Up to MX$50 million (equivalent to US$3.8 million)
Sector: 
Financial Services
Location: 
Mexico
Country: 
Scope Objective: 

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.

Environmental Review: 

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.