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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 
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
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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Contact information
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Request informationAlternatively, 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
lpollarolo@eurocapital.cl
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 OfficesAs 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.
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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