Hipotecaria Su Casita S.A.de C.V.

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

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.
Tel:+1 (202) 623-3952
Fax: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USA. 20577
E-mail: mecanismo@iadb.org or MICI@iadb.org

Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Hipotecaria Su Casita S.A.de CV
Financing Requested: 
Financial Services
Mexico D.F.
Scope Objective: 

The proposed project consists of a medium-term loan of up to US$20,000,000 to Hipotecaria Su Casita S.A.de C.V. The loan proceeds will be used for the origination and/or acquisition of residential mortgages that finance principally loans to individuals for their purchase and construction of low to middle income housing.

Environmental Review: 

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 that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, or design criteria. All mortgage loans will be subject to an environmental review and must comply with national environmental and labor laws, regulations and standards as well as IIC policies. To enable the borrower to better understand the IIC's requirements, one of its employees shall be required to attend IIC's financial intermediary environmental training seminar.