Company name
Cooperativa del Personal de la Universidad de Chile (COOPEUCH)
Project number
CH3864A-01
N/A
E&S category
N/A
Country
Chile
Sector
Financial Institutions
Status
In implementation
Disclosed date
03/11/2011
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/12/2011
Approval date
04/19/2011
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
N/A
Project scope and objective
The IIC loan of up to US$5 million will be used to finance Eligible Enterprises consisting of microentrepreneurs and small enterprises for amounts of up to US$30,000 per Eligible Enterprise, for terms of not less than 12 months.
Created in 1967, COOPEUCH is a savings and credit cooperative that provides personal banking products to its members, most of whom earn less than US$700 per month. It operates mainly in the public sector under a payroll deduction scheme for loan repayments, whereby it collects resources from its members and third parties. It is also a distributor of general and personal insurance services for its members. COOPEUCH is the largest cooperative in Chile.
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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
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
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