Company name
Comercial de Valores Factoring SpA. (COVAL)
Project number
15936-01
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
FI-3
Country
Regional
Sector
Financial Institutions
Status
Proposed
Disclosed date
08/28/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/08/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 20,000,000
Currency
USD
Project scope and objective
The proposed transaction consists of a financing of up to US$15 million that will enable Coval Servicios Financieros SpA (“Coval”) to expand its factoring and financial leasing operations with Small and Medium-Sized Enterprises (“SMEs”) in Chile, Peru, and Colombia. The transaction includes: (i) a senior unsecured loan of up to US$10 million to be financed by IDB Invest, with a tenor of up to one year, renewable for up to four additional periods of up to one year each, at IDB Invest’s discretion; and (ii) an uncommitted revolving credit facility of up to US$5 million or its equivalent in Colombian pesos. The loan proceeds will be used to finance SMEs through factoring and financial leasing transactions and to support Coval’s regional expansion process into Peru and Colombia.
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Contact information
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Client Contact
PHONE NUMBER
+56958799236
POST OFFICE ADDRESS
Av. Tajamar # 183, Piso 8 y 9, Las Condes, Santiago, Chile
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
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For 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.
COVAL SENIOR LOAN 15936-01 RG - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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