Company name

Mercader Financial, S.A. SOFOM, E.R.

Project number

13001-01

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.

E&S category
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FI-2

Country

Mexico

Sector

Financial Institutions

Status

In implementation

Disclosed date

06/26/2020

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

Projected board date
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09/17/2020

Approval date

09/17/2020

Signed date

10/13/2020

Sponsoring entity

N/A

Team leader

Baltazar Vazquez, Lucia Adriana

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 19,032,400

Currency

MXN

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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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

50.8 Kb

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Francisco Deaquino Vargas

POSITION

General Director

PHONE NUMBER

55 52792874

EMAIL

francisco.deaquino@mercader.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