Mercader Financial, S.A. SOFOM, E.R.
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Baltazar Vazquez, Lucia Adriana
USD $ 19,032,400
Project scope and objective
The proposed project consists of a senior guaranteed loan for up to MXN400 million (approximately US$17.3 million) in local currency. The loan will have a term of up to four years, with a six-month grace period for the principle, quarterly principle payments, and monthly interest payments. The proceeds from the loan will go to grow the loan portfolio for financing equipment to improve the energy efficiency of Small and Medium-Sized Enterprises (“SMEs”) and agribusinesses.
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Francisco Deaquino Vargas
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005