Financiera ProCredit Nicaragua S.A.

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Project Number: 
Expected Consideration Date by the Board: 
Date Posted: 
Financiera ProCredit Nicaragua S.A.
Financing Requested: 
Financial Services
Scope Objective: 
The proposed loan of US$1,250,000 to Financiera ProCredit Nicaragua S.A. is intended to strengthen the institution as it continues to grow and allow it to expand its financing capabilities for local micro and small enterprises demanding working capital or capital expenditure funds.
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 which 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, Financiera ProCredit Nicaragua S.A. shall be required to attend IIC’s financial intermediary environmental training seminar.