Leasing Total, S.A.

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Project Number: 
PE3893A-01
Expected Consideration Date by the Board: 
04/13/2010
Date Posted: 
03/12/2010
Company: 
Grupo Progreso
Financing Requested: 
Sector: 
Financial Services
Location: 
Lima
Country: 
Scope Objective: 

Leasing Total is a leasing company that finances small and medium-size companies that provide services to large companies in such industries as utilities (electricity, water, telephony), healthcare, oil and mining, construction, and trade. The purpose of the IIC project is to support Leasing Total’s activities and partially fund the growth of its leasing portfolio. The US$1.5 million IIC loan will enable the company to further diversify its sources of medium-term funding and match the loan term with leasing agreement terms.

Environmental Review: 

Environmental and Labor Issues

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 Leasing Total to better understand the IIC’s requirements, it 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.