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Company name

Alpha Capital, S.A.S. (Guaranteed by Alpha Holding, S.A. de C.V.)

Project number

13150-01

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

Colombia

Sector

Financial Institutions

Status

In implementation

Disclosed date

09/18/2020

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

Projected board date
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12/11/2020

Approval date

12/11/2020

Signed date

12/22/2020

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 40,000,000

Currency

COP

Project scope and objective

The Project is aimed at providing Colombian company Alpha Capital, S.A.S. (“AlphaCredit”) with financing for an equivalent of up to US$ 40 million in Colombian pesos with a 5-year tenor and two years of grace and quarterly amortization. The transaction will be guaranteed by the Mexico-based company Alpha Holding, S.A. de C.V. The proceeds of the Project will be used to support AlphaCredit grow their credit line for the self-employed and pensioners in the healthcare and education sectors, etc. They are also meant to support their small- and medium-sized enterprise (“SMEs”) portfolio in Colombia. IDB Invest will support the Project with technical assistance to identify service additionalities.

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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

32.3 Kb

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

maria.munoz@alphacredit.com

PHONE NUMBER

+52 (55) 4170-4251

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .