Company name
Financiera Finexpar SAECA
Project number
13925-01
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
Paraguay
Sector
Financial Institutions
Status
Hold
Disclosed date
07/19/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/30/2023
Approval date
09/15/2022
Signed date
N/A
Sponsoring entity
N/A
Team leader
Paredes, Cristina
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
The Project aims to finance micro, small and medium-sized enterprises (“MSMEs”) in Paraguay. The proposed operation contemplates a Senior Unsecured Loan for an amount of up to US$10 million (the “Loan”) to be financed by IDB Invest. The loan term is up to five years. The project will allow Finexpar to improve the offer of its financial services to its clients and diversify its sources of financing.
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
CONTACT NAME
John Matthias
POSITION
Director - General Manager
PHONE NUMBER
+595 21 218 7000
johnmatthias@finexpar.com.py
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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org 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 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. 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.
FINEXPAR MSMES FINANCING PARTNERSHIP - 13925-01 - ESRS
143.4 Kb