Company name
Banco Compartamos S.A.
Project number
ME3740A-02
N/A
E&S category
N/A
Country
Mexico
Sector
Financial Institutions
Status
Completed
Disclosed date
08/23/2007
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/25/2007
Approval date
10/02/2007
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
MXN
Project scope and objective
Banco Compartamos is Mexico’s leading microcredit institution. It seeks to meet the needs of Mexico’s most underprivileged, through loans to small companies owned primarily by women living in rural areas. The purpose of this IIC project is to support Compartamos’ lending activities and geographic expansion by investing in said institution in the form of a deposit. The investment will be documented by a fixed-term nonmarketable certificate of deposit backed by Compartamos. With this project the IIC would help Compartamos increase its base of institutional investors.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
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