Compartamos Financiera, S.A.

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: 
PE3945A-02
Expected Consideration Date by the Board: 
06/17/2014
Date Posted: 
05/14/2014
Company: 
Compartamos Financiera, S.A.
Sponsoring Entity: 
Not applicable
Financing Requested: 
Loan of up to US$2 million
Sector: 
Financial Services
Location: 
Lima, Peru
Country: 
Scope Objective: 

The goal of this financing by the IIC is to support Compartamos Financiera S.A.’s lending activities through a medium-term loan. Compartamos Financiera S.A.’s lending is aimed at underserved groups. The institution provides credit to microenterprises owned primarily by women living in rural areas of the country.

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 profile are low-risk.  Compartamos Financiera S.A. understands the IIC’s requirements because it has attended the IIC financial intermediary environmental training workshop and agrees to retain at least one employee on its staff who has attended that 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.