Banco 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-04
Expected Consideration Date by the Board: 
03/17/2014
Date Posted: 
02/14/2014
Company: 
Banco Compartamos S.A.
Sponsoring Entity: 
Not applicable
Financing Requested: 
Loan of up to MX$400 million
Sector: 
Financial Services
Location: 
México D.F., México
Country: 
Scope Objective: 

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 Review: 

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.