Monex Financiera S.A. de C.V.
The proposed loan is in the amount of US$2 million to Monex Financiera S.A. de C.V. The proceeds will be used to provide financing to small and medium-size Mexican companies, for trade operations, such as imports and exports, and for working capital related to export and import activities.
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. 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 policies. To enable the borrower to better understand the IIC’s requirements, Monex Financiera S.A. de C.V. shall be required to send two officers to attend the IIC’s financial intermediary environmental training seminar.