Company name
Banco Davivienda Salvadoreño S.A.
Project number
15665-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
El Salvador
Sector
Financial Institutions
Status
Proposed
Disclosed date
10/03/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/07/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
USD $ 50,000,000
Financing amount
USD $ 70,000,000
Currency
USD
Project scope and objective
The financing consists of a loan of up to US$70 million (the “Project” or the “Financing”) from IDB Invest to Banco Davivienda Salvadoreño, S.A. (“Davivienda” or the “Bank”), with a term of up to eight years. The Financing may be supplemented by one or more participants with an additional amount of approximately US$50 million.
The Financing will be used to support the Small and Medium‑Sized Enterprises (“SMEs”) segments, SMEs led by women (“Women-Led SMEs”), and green financing in El Salvador. The Project may be accompanied by technical assistance in areas such as digitalization and innovation.
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
PHONE NUMBER
+503 7797-9828
POST OFFICE ADDRESS
Centro Financiero Davivienda, Av. Olímpica #3550 - San Salvador, El Salvador
IDB Invest Contact
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 [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.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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.
DAVIVIENDA CREDIT FACILITY-15665-01-ES ENVIRONMENTAL AND SOCIAL REVIEW ESRS REV
143.4 Kb