According to the bank, "the loan proposed for Fundacion Empresarial Genesis ("Genesis") is direct at the support of its productive microfinance portfolio in Guatemala. Fundacion Genesis Empresarial is the largest microfinance institution in Guatemala. The term of the IDB Invest loan is expected to be five years. This loan will be complemented by a Technical Assistance from IDB Invest, aligning Genesis' portfolio with the Sustainable Development Goals ("SDG"), improve funding capacities for sustainable finances, as well as establish a portfolio of microloans in climate change resilient agricultural productive chains."
Client Contact Name: Roberto Paz Salazar
Title: Treasury Manager
Telephone: +502 2383 9000
ACCOUNTABILITY MECHANISM OF IADB
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).