Company name

Eurocapital S.A.

Project number

12400-01

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
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FI-3

Country

Chile

Sector

Financial Institutions

Status

In implementation

Disclosed date

02/05/2019

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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05/22/2019

Approval date

05/22/2019

Signed date

07/04/2019

Sponsoring entity

N/A

Team leader

Patti, Lucila Andrea

Investment type

Financing requested

N/A

Syndicated amount

USD $ 10,000,000

Financing amount

USD $ 15,000,000

Currency

USD

Project scope and objective

The proposed operation contemplates an A/B Unsecured Loan of up to US$25 million (the "Loan") to be financed by IDB Invest. The term of the Loan is one year, renewable four times more for periods of up to one (1) year, at the discretion of IDB Invest. Loan funds will be used to finance Small and Medium-Sized Enterprises ("SMEs") through factoring and financial leasing operations.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Luis Pollarolo I.

POSITION

Manager of Administration and Finance

PHONE NUMBER

(562) 2327 4000

EMAIL

lpollarolo@eurocapital.cl

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices