Company name

FINCA Haiti S.A.

Project number

12001-02

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

Haiti

Sector

Financial Institutions

Status

Proposed

Disclosed date

10/13/2021

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

Projected board date
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11/15/2021

Approval date

11/15/2021

Signed date

N/A

Sponsoring entity

N/A

Team leader

Apel, Michael

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 1,500,000

Currency

USD

Project scope and objective

The proposed project consists of a senior loan facility for up to US$1.5 million to Fondation pour L’Assistance Communautaire Internationale Haiti S.A. (“FINCA Haiti” or the "Institution"). The loan term will be up to three years, with semi-annual principal and interest payments. The loan proceeds will be used to grow the Institution's micro-finance and micro and small business portfolios, while encouraging financial inclusion.

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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.

FINCA 12001-02 ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

174.1 Kb

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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

General Enquiries

POSITION

n/a

PHONE NUMBER

n/a

EMAIL

Administration@fincahaiti.com

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