FIG HaitiLeasing (IFC-601427)

Countries
  • Haiti
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 1, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 22, 2017

Disclosed by Bank Oct 4, 2016


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Project Description
The objective of the proposed advisory project is to support an economic operator in successfully launching its leasing operations in Haiti, and thereby contribute to facilitating increased access to finance for MSMEs. The project will be implemented over a period of three years and a quarter and build upon the results of the Haiti leasing project (593907). It will support the economic operator in implementing its business plan, providing assistance according to the following components: Component 1. Design and structure an IFC-client partnership to deliver leasing advisory services Component 2. Set up of the clients organizational structure, products, systems and procedures Component 3. Development of the client's staff internal capacity to launch and operationalize leasing activities Component 4. Progress monitoring and supervision By completion of this project, it is expected that the economic operator will be fully operational. The value of leases granted by the economic operator will have reached US$ 15 million.
Investment Description
  • International Finance Corporation (IFC)
This project is classified as an "advisory project" and there is not information provided by the IFC on the investment.
Contact Information
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/