Company name

LAR S.R.L.

Project number

13654-01

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
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B

Country

Paraguay

Sector

Agribusiness

Status

Approved

Disclosed date

06/22/2022

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

Projected board date
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10/07/2022

Approval date

10/06/2022

Signed date

N/A

Sponsoring entity

N/A

Team leader

Veiga Perez, Matias Angel

Investment type

Syndicated amount

N/A

Financing amount

USD $ 10,000,000

Currency

USD

Project scope and objective

The proposed financing consists of an annual revolving line of credit committed to LAR S.R.L. for up to US$10 million, with a term of up to 39 months. The company will use these funds to purchase agro-inputs that it will later sell and finance to producers with terms of up to 390 days, seeking to replace lines of credit from suppliers that today grant shorter terms.

 

LAR S.R.L. is one of the main agricultural input distribution companies in Paraguay, also providing technical assistance services to producers, and in the purchase, storage, and sale of grains.

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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.

LAR PARAGUAY - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

317.4 Kb

LAR PARAGUAY - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

184.3 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Ramon Torres

POSITION

Gerente Financiero

PHONE NUMBER

+595 983 628668

EMAIL

ramon@lar.com.py

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

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