Company name
Conjunto Parnelli, S.A. de C.V., Promotora FM, S.A. de C.V. e Inmobiliaria Karuka, S.A. de C.V. (together, “GIM Habitacional”)
Project number
13454-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category 
B
Country
Mexico
Sector
Manufacturing
Status
In implementation
Disclosed date
07/20/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/07/2021
Approval date
10/07/2021
Signed date
10/22/2021
Sponsoring entity
N/A
Team leader
Pun, Zoila
Investment type
Syndicated amount
N/A
Financing amount
USD $ 46,155,800
Currency
MXN
Project scope and objective
GIM Habitacional is a vertically integrated housing developer with operations in the social housing segment, as well as in the middle-income and residential segments in Mexico.
The transaction consists of a secured revolving credit facility of up to MXN 950 million, with a committed tranche of up to MXN 500 million and an uncommitted tranche of up to MXN 450 million, with a tenor of up to seven years and drawdowns on a revolving basis. The financing will be used to finance working capital requirements related to the construction of social and middle-income housing in Mexico. The main objective of the project is to promote access to adequate and affordable housing in Mexico, through a greater supply of social and middle-income housing to be developed by GIM Habitacional.
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Contact information
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Client Contact
CONTACT NAME
Roberto Carrillo Herrera
POSITION
Planning and Finance Director
PHONE NUMBER
55 91 77 01 09
rcarrillo@gim.com.mx
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.
GIM- ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
235.5 Kb
GIM - ENVIRONMENTAL AND SOCIAL ACTION PLAN ( ESAP)
143.4 Kb