El Camino Resources de America Latina S.A. (PLG)
Project Number:
RG1060A-01
Expected Consideration Date by the Board:
12/02/1999
Date Posted:
11/16/1999
Company:
El Camino Resources de America Latina S.A.
Financing Requested:
Sector:
Services
Location:
Costa Rica, El Salvador and Guatemala
Scope Objective:
Project Description: IIC will purchase up to US$15 million of lease receivables originated by El Camino Resources de America Latina subsidiaries in Costa Rica, El Salvador and Guatemala. These receivables will be generated from operating lease transactions with small and medium-sized Costarican, Guatemalan and Salvadorean companies, majority-owned by citizens of the region with annual sales that do not exceed US$15 million. The minimum eligible lease transaction will be US$25,000 and the maximum US$750,000. El Camino will be responsible for the supervision, billing and reconciling payments received from the lessees.
Environmental Review:
This is a Category III project according to IIC’s environmental and labor review procedures.
Each lease transaction will be subjected to an environmental and labor review and must comply with national environmental and labor laws, regulations and standards, as well as applicable IIC policies.
Each lease transaction will be subjected to an environmental and labor review and must comply with national environmental and labor laws, regulations and standards, as well as applicable IIC policies.
