Company name
Café Soluble, S.A.
Project number
NI1040B-01
N/A
E&S category
N/A
Country
Nicaragua
Sector
Agribusiness
Status
Inactive
Disclosed date
09/10/2004
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/13/2004
Approval date
10/13/2004
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
USD $ 1,000,000
Financing amount
N/A
Currency
USD
Project scope and objective
The purpose of the project is to help strengthen the Company’s overall competitiveness through the modernization of the processing plant and the management information systems, and the expansion of its storage capacity in order to adjust to recent and projected growth. The IIC will have the following role:
Providing long-term financing: Long-term resources are scarce in Nicaragua. The operation will complement the first loan provided by the IIC to CSSA in 2001.
Supporting an industry with a high value-added component: The ground and soluble coffee production process includes the cleaning, toasting and grinding of green coffee beans to produce roasted and ground coffee, and the subsequent extraction of liquor from the ground roast coffee which is then dehydrated to produce soluble coffee. Because of its comparative advantages, Nicaraguan exports of processed coffee have ample growth potential.
Strengthening a medium-size company: The project will help the Company adjust to its recent growth and reach its potencial, thus protecting many existing jobs.
Foreign exchange generation: The Company has experienced significant growth during the last five years, entering into new export markets. The project is necessary to support any future growth in sales and exports.
Generating business for SMEs: The Company is an important buyer of packaging material and green coffee produced in Central America, mainly by small and medium-size companies from Nicaragua, El Salvador and Guatemala.
Promoting best production practices: The Company has obtained the ISO 9002 certificate for quality and is currently applying for food safety certification, which should support its efforts to penetrate new markets.
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Contact information
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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
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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
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