Incofin Servicios Financieros S.A.
The project consists of a loan of up to US$3 million to Incofin Servicios Financieros S.A. The loan proceeds will enable Incofin Servicios Financieros S.A. to carry out factoring and financial leasing operations with small and medium-sized Chilean enterprises.
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 better understand the IIC’s requirements, Incofin Servicios Financieros S.A. shall be required to attend the IIC’s 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.