Financiera CAFSA S.A. and Arrendadora CAFSA S.A.

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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Financiera CAFSA S.A. and Arrendadora CAFSA S.A./ Corporación CAFSA S.A. (Sponsor)
Financing Requested: 
Financial Services
San José
Scope Objective: 

The proposed project consists of granting a new, four-year loan of up to US$2 million to Arrendadora CAFSA S.A. and Financiera CAFSA S.A. The loan proceeds will help eligible companies finance their fixed asset purchase needs, especially for vehicles, to be able to operate in such productive sectors as services, trade, transportation, and tourism. Eligible companies shall be located in the metropolitan area of San José and Zapote, and in the rural areas of Liberia, San Carlos, and Pérez Zeledón.

Environmental Review: 

Environmental and Labor Issues: 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 enable the Borrowers to better understand the IIC’s requirements, Financiera CAFSA S.A. and Arrendadora CAFSA S.A. have attended the IIC financial intermediary environmental training workshop. Each subproject will be subject to an environmental review and must comply with national environmental and labor laws, regulations, and standards as well as IIC environmental guidelines.