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
tooltip

FI-2

Country

Paraguay

Sector

Financial Institutions

Status

Proposed

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
tooltip

11/14/2022

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 information

Learn 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.

FINEXPAR MSMES FINANCING PARTNERSHIP - 13925-01 - ESRS

143.4 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

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

John Matthias

POSITION

Director - General Manager

PHONE NUMBER

+595 21 218 7000

EMAIL

johnmatthias@finexpar.com.py

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

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.