Company name

Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.P.

Project number

12678-01

FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.

E&S category
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FI-3

Country

Mexico

Sector

Financial Institutions

Status

In implementation

Disclosed date

01/29/2021

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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07/12/2021

Approval date

07/12/2021

Signed date

08/04/2021

Sponsoring entity

N/A

Team leader

Eskildsen Alfaro, Jan Petter

Investment type

Financing requested

USD $ 15,000,000

Syndicated amount

N/A

Financing amount

USD $ 15,000,000

Currency

MXN

Project scope and objective

The proposed project consists of a senior loan facility in local currency up to the equivalent in Mexican pesos of US$15 million to Consejo de Asistencia al Microemprendedor, S.A. de C.V., S.F.P. ("CAME", or the "Institution"). The loan term will be up to four years, with semi-annual principal payments and monthly interest payments. The loan proceeds will be used to grow the Institution's micro-finance and micro and small business portfolios, while encouraging financial inclusion.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

60.3 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Jaime Gabriel Nieto Eguiarte

POSITION

Chief Financial Officer

PHONE NUMBER

+52 (55) 5584 2233

EMAIL

jgnieto@came.org.mx

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices