Company name
Main International Trading Company S.R.L
Project number
13143-01
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
Bolivia
Sector
Agribusiness
Status
In implementation
Disclosed date
09/28/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/30/2021
Approval date
05/04/2021
Signed date
07/27/2021
Sponsoring entity
Main International Trading Company S.R.L - Mainter SRL
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
The proposed transaction consists of a secured, revolving, non-committed line of credit with a 3 year tenor, for up to US$9 million, under which IDB Invest would make disbursements in up to 240 days to import agricultural machinery and/or supplies for Main International Trading Company S.R.L’s (“Mainter” or the “Company”) “Elegible Vendor(s),” which will be sold and/or financed out to agricultural producers.
The Project seeks to offer a working capital solution that is currently unavailable in the Bolivian market, which will allow Mainter to finance the imports of agricultural machinery and/or supplies, continue with its growth plan and pass the economic benefits of the Facility to its small and mid-sized agricultural producer clients. This would be the first transaction of IDB Invest with Mainter, and with Grupo Landicorp, and its first intervention in the agribusiness sector in Bolivia in the last few years.
AMENDMENT: In May 25, 2021, the following information is being updated:
Financing Amount: US$5,000,000
Term of disbursements: 210 days
Destination: Import of Agro-supplies
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
jurey@mainter.com.bo
PHONE NUMBER
+591 (3) 338-8100
POST OFFICE ADDRESS
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.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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.
ENVIRONMENTAL AND SOCIAL CATEGORIZATION AND STRATEGY
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MAINTER ESRS- ESAP VERSION 9252020 ENG
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