Company name
Avícola La Estrella, S.A.
Project number
NI3235A-01
N/A
E&S category
N/A
Country
Nicaragua
Sector
Agribusiness
Status
Completed
Disclosed date
05/06/2005
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/08/2005
Approval date
06/14/2005
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 4,200,000
Currency
USD
Project scope and objective
The
objective of the Project is to improve the Company’s cash flow by alleviating
its financial burden and improving its debt profile. The Project consists of
(1) debt refinancing and (2) working capital financing. Toward this end, two
loans ("A" and "C") are proposed, each having different characteristics, to
address to the firm’s principal financial needs.
Provide
long-term financing: Sources of
long-term financing are scarce in Nicaragua. The operation will meet two of the immediate needs
of Avícola La Estrella, S.A. ("La Estrella" or "the Company"), i.e.,
refinancing short-term debt and meeting working capital requirements.
Support
an industry with a high value-added component: The chicken production process includes hatching,
grow-out, processing, and distribution. In addition, "the Company" has
incorporated the production of feed for its own use, the production of chicken
byproducts, and the production of eggs for human consumption into its process.
Strengthen
a medium-size company: The Project
will help "the Company" adapt to ongoing growth and achieve its full potential,
thus conserving many jobs.
Generate sales for small and medium-size enterprises:
"The Company" is an important local buyer of commodities such as grains and
meal. It also purchases packing materials and other production inputs.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
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 mgm@iadb.org 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 mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
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.
ENVIRONMENTAL AND SOCIAL REVIEW
70.0 Kb