Company name

BlueOrchard Latin America and the Caribbean Gender, Diversity, and Inclusion Fund S.C.A., SICAV-RAIF

Project number

14225-01

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
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FI-2

Country

Regional

Sector

Investment Funds

Status

Proposed

Disclosed date

12/21/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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03/28/2023

Approval date

02/14/2023

Signed date

04/24/2023

Sponsoring entity

N/A

Team leader

Parodi Serpa, Alberto Enrique

Investment type

Syndicated amount

N/A

Financing amount

USD $ 40,000,000

Currency

USD

Project scope and objective

The Project consists of an investment in the BlueOrchard Latin America and the Caribbean Gender, Diversity, and Inclusion Fund S.C.A., SICAV-RAIF (the “Fund”), the first private debt Gender, Diversity & Inclusion (“GDI”) fund in Latin America and the Caribbean (“LAC”). The Fund will focus on increasing the access to finance to underserved groups by providing financing mainly to Financial Institutions (“FIs”), such as microfinance institutions (“MFIs”), universal banks, fintechs, leasing institutions, factoring companies, and cooperatives that will increase access to finance for women-led and/or -owned Micro, Small and Medium Sized Enterprises (“MSMEs”), indigenous groups, African descendants, people with disabilities, older people, and companies at the forefront of implementation of diversity policies.

The Fund will be managed by BlueOrchard Finance Ltd. (the “Fund Manager” or “BlueOrchard”), a leading global impact investment manager with more than 21 years of experience and track record in microfinance and financial inclusion, and more than US$4 billion in Assets under Management (“AUM”).

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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.

LAC GENDER, DIVERSITY

112.6 Kb

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Contact information

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Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Alessandra Nibbio Bonnet

POSITION

Jefa de Financiamiento Mixto

PHONE NUMBER

+352 341342622

EMAIL

alessandra.nibbio@blueorchard.com

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