Company name
Inversiones Papeleras, S.A (“INPASA”), Insumos y Suministros Gráficos, S.A. (“INSUGRAFIXSA”), Impresiones a Colores, S.A. (“Print Colors”), and Agropecuaria San Alejandro, S.A. (“Agropecuaria San Alejandro”)
Project number
12072-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Nicaragua
Sector
Manufacturing
Status
Inactive
Disclosed date
08/24/2017
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/03/2017
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 $ 2,700,000
Currency
USD
Project scope and objective
The Rivera Group is a de facto holding company consisting of four medium-sized companies, INPASA, INSUGRAFIXSA, Print Colors, and Agropecuaria San Alejandro, which are engaged in various commercial activities and whose main line of business is manufacturing notebooks and printing. They are the only national-level companies that produce notebooks locally, manufacturing them according to the buyer’s needs and offering personalized products at low prices. These companies are jointly seeking long-term financing secured by a mortgage and pledge, for the purpose of: (i) purchasing machinery to increase their productive capacity, as well as to improve quality and efficiency; (ii) working capital so that the company can incorporate new raw materials with which to expand the product portfolio; and (iii) refinancing the debt to achieve a better match between their liabilities and assets.
The total cost of the project is US$6 million and the loan will be up to US$2.7 million with an eight-year term and a grace period of two years. With the participation of the IIC, these companies will be able to access better financing conditions that do not limit their normal operations, increase their productive capacity, and improve flow. At the same time, the IIC will be supporting a sector that is an importance driver of Nicaragua’s economy.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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 OfficesFor inquiries, comments and information requests about the project
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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. 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.
SCOPE OF THE ENVIRONMENT REVIEW
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