Unifin Financiera S.A.P.I. de C.V.
The project consists of a local currency loan of up to MX$50 million to Unifin Financiera S.A.P.I. de C.V. The purpose of this financing is to support small and medium-sized Mexican enterprises through pure leasing and factoring operations to help them meet their working capital needs or purchase productive assets.
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 enable the Borrower to better understand the IIC’s requirements, Unifin Financiera S.A.P.I. de C.V. shall be required to attend the IIC financial intermediary environmental training workshop. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations, and standards, as well as IIC environmental guidelines.