JMMB Group Limited
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Investment Operations Department Contact
USD $ 59,300,000
USD $ 50,000,000
Project scope and objective
IDB Invest is considering a senior loan of up to US$100 million in JMMB Group Limited (the “Company”, the “Group”, or “JMMBGL”) of which up to US$59.3 million will be booked through IDB Invest and IDB Invest managed funds while the remaining amount(s) is expected to be co-financed by third party investors. The Company intends to use the funds to (i) support the future growth opportunities of their MSME (including (women-led); (ii) contribute to the initial development and later growth of its green loan portfolio in Jamaica; and (iii) complement their digitalization strategies towards financial inclusion initiatives.
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POST OFFICE ADDRESS
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005