Company name
Café Soluble, S.A.
Project number
NI1017B-01
N/A
E&S category
N/A
Country
Nicaragua
Sector
Agribusiness
Status
In implementation
Disclosed date
06/17/2005
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/19/2005
Approval date
07/19/2005
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 7,200,000
Financing amount
USD $ 7,000,000
Currency
USD
Project scope and objective
The purpose of the project is to help enhance the Company’s overall competitiveness by upgrading its processing plant and management information systems and increasing its production and storage capacity in keeping with recent and projected growth. The IIC will make the following contributions:
Provide long-term financing: Sources of long-term financing are scarce in Nicaragua. The transaction will complement a previous loan granted to CSSA by the IIC in 2001.
Support a high value added industry: Producing ground and soluble coffee involves washing, roasting, and grinding green coffee beans to produce roasted ground coffee, and subsequently extracting liquor from the ground, roasted coffee, which is then dehydrated to produce soluble coffee. Nicaragua’s processed coffee exports have competitive advantages that make for ample growth potential.
Strengthen a medium-size company: The project will help the Company adjust to its recent growth and reach its potential; this will protect many jobs.
Generate foreign exchange: The Company has experienced significant growth during the last five years, entering into new export markets. The project is necessary to support future growth in sales and exports.
Generate business for SMEs: the Company is a major buyer of packaging material and green coffee produced in Central America, mainly by small and medium-size companies in Nicaragua, El Salvador, and Guatemala.
Promote best production practices: the Company has obtained ISO 9002 quality certification and has applied for food safety certification, which should boost its efforts to venture into 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
COUNTRY OFFICES
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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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