Banco Compartamos

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IIC’s Communications Group

For project inquiries, including environmental and social questions related to an IDB Invest investment, please contact the client or IDB Invest using the contact information provided above. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism.
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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Banco Compartamos S.A.
Sponsoring Entity: 
Not applicable
Financing Requested: 
Loan of up to MX$400 million
Financial Services
México D.F., México
Scope Objective: 

The goal of this IIC financing is to support the lending activities of Banco Compartamos S.A. through a medium-term loan in local currency. The lending activities of Banco Compartamos S.A. target underserved groups, providing credit to microenterprises owned primarily by women living in rural areas of Mexico.

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