Original disclosure @ DFC website
Updated in EWS Dec 14, 2020
Can you contribute information about this project?
Contact the EWS Team
On-lending to financially underserved civil service employees and pensioners in Colombia and Mexico.
The Project is expected to have a developmental impact in Mexico and Colombia by supporting the provision of modest sized loans primarily to workers and pensioners without access to bank finance. Up to half of the Borrowers’ loans in these countries are to women, while many of the loans serve workers in the education sector in Mexico and in the armed forces in Colombia. The Project is expected to support the Borrowers’ continued growth in these markets and employment growth by the Borrowers. The Project is also structured to aid the Borrowers future access to public international bond markets for the first time.
The DFC investment is a 7-year loan.
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability