Financiera FAMA S.A.
The proceeds from this loan will be used to provide financing to micro, small, and medium-sized enterprises in Nicaragua by granting eligible loans based on eligibility criteria to be set by the IIC.
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, Financiera FAMA S.A. shall be required to attend the IIC environmental training workshop for financial intermediaries. 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.