The goal of this IIC financing is to support the lending activities of Banco Compartamos S.A. through a medium-term loan in local currency. The lending activities of Banco Compartamos S.A. target underserved groups, providing credit to microenterprises owned primarily by women living in rural areas of Mexico.
Environmental and Labor Issues:
This is a category FI-3 project according to the IIC’s Environmental and Social Sustainability Policy because the subprojects in the financial intermediary’s current or future portfolio are considered low risk. Banco Compartamos S.A. understands the IIC’s requirements because it has attended the IIC financial intermediary environmental training workshop and agrees to retain on its staff at least one employee who attended said workshop. 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.