Company name
Access Financial Services Ltd.
Project number
15123-01
FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.
E&S category
FI-3
Country
Jamaica
Sector
Financial Institutions
Status
Proposed
Disclosed date
06/11/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/31/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
JMD
Project scope and objective
IDB Invest is considering a loan of up to JMD774,700,000.00 to Access Financial Services Limited (“Access Financial”). Access Financial Services Limited intends to expand its Micro, Small, and Medium-Sized Enterprise (“MSME”) portfolio to include support to women in business as well as expand on its loans to the green segment of the market. The expectation is that this will redound to future growth opportunities and to complement its MSME and green lending portfolios. The proposed structure of the transaction is a senior unsecured loan, with a term of up to seven years, including a moratorium period of up to one year.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
PHONE NUMBER
876-459-4326
POST OFFICE ADDRESS
41b Half Way Tree Road, Kingston 5
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ACCESS FINANCIAL SERVICES LIMITED SENIOR UNSECURED LOAN SUPPORTING MSMES - 15123-01 - EN - (ENVIRONMENTAL AND SOCIAL REVIEW (ESRS)
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