The project consists of a long-term loan of up to US$1 million to Financiera Cafsa S.A. and Arrendadora Cafsa S.A. sponsored by Corporación Cafsa S.A. The loan proceeds will be used to finance the growth of the companies’ loan and leases.
Environmental Classification and Issues:
This is a Category III project according to the IIC’s environmental and labor review procedure because specific impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, or design criteria. All loans or leases must comply with local environmental and labor standards and with the IIC’s policies. In order to better understand the IIC’s environmental and labor guidelines, Corporación Cafsa S.A., Financiera Cafsa S.A. and Arrendadora Cafsa S.A. will be required to attend the IIC’s environmental training workshop for financial intermediaries