Company name
FUNDACION GENESIS EMPRESARIAL
Project number
16079-01
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
Guatemala
Sector
Financial Institutions
Status
Proposed
Disclosed date
09/11/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/27/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 60,000,000
Currency
GTQ
Project scope and objective
The Project consists of a senior unsecured loan of up to US$60 million or its equivalent in Guatemalan quetzals (the "Project" or the "Financing") to be granted to Fundación Génesis Empresarial ("Génesis"), with a term of up to five years from disbursement. IDB Invest's Financing will be composed of: (i) Tranche I: a senior committed tranche for up to US$40,000,000; and (ii) Tranche II: a senior uncommitted tranche for up to US$20,000,000. In addition, the Financing will have the possibility of mobilizing additional resources through B loans and/or co-financing.
The resources of the Financing will be used to support the growth of Génesis' credit portfolio, expanding financial inclusion through a greater supply of credit for Micro, Small and Medium-Sized Enterprises ("MSMEs") and other populations in Guatemala, fostering the generation of economic opportunities and productive development.
The Financing will be complemented with IDB Invest's Technical Advisory Services (“TA”) that may be focused on supporting Génesis in the identification, prioritization and design of an innovative financial health initiative with a social, environmental, and governance approach.
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Contact information
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Client Contact
PHONE NUMBER
(502) 2238-9000
POST OFFICE ADDRESS
8 calle 7-11, zona 9, Distrito Financiero, Guatemala C.A
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For information requests about the project.
Request informationLearn 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.
GENESIS GT SENIOR LOAN 16079-01 GT - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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