Company name

ACME S.A.

Project number

13039-01

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
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FI-3

Country

Haiti

Sector

Financial Institutions

Status

Inactive

Disclosed date

07/07/2020

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

Projected board date
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12/03/2020

Approval date

08/21/2020

Signed date

N/A

Sponsoring entity

N/A

Team leader

Jean, Kawala

Investment type

Syndicated amount

USD $ 2,000,000

Financing amount

N/A

Currency

USD

Project scope and objective

The proposed transaction consists of an unsecured senior loan to ACME S.A. (“ACME” or the “FI”) denominated in US Dollars (“USD”) for up to USD $2 million, to be funded by IDB Invest as administrator of the Haiti SME Development Fund, with a tenor of up to three years (the “Project”) and a 12 month grace period on the repayment of principal. The purpose of the Project is to provide financing to ACME to on-lend to micro small and medium-sized enterprises (“MSMEs”).

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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. 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.

ENVIRONMENTAL AND SOCIAL REVIEW

44.8 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Sinior Raymond

POSITION

General Manager

PHONE NUMBER

+509 2 816 6454

EMAIL

sraymond@acmehaiti.com

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

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