Leasing Total S.A.
The project consists of a loan of up to US$2 million to Leasing Total S.A. The purpose of this project is to support Leasing Total’s activities and the growth of its financial leasing portfolio. The IIC loan will enable the company to continue to diversify its sources of medium-term funding and match the term of the loan with the terms of its leasing agreements.
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 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.