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
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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
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04/30/2021

Approval date

05/04/2021

Signed date

07/27/2021

Sponsoring entity

Main International Trading Company S.R.L - Mainter SRL

Team leader

Garcia Garcia, Victor

Investment type

Financing requested

USD $ 3,000,000

Syndicated amount

N/A

Financing amount

USD $ 3,000,000

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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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL CATEGORIZATION AND STRATEGY

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MAINTER ESRS- ESAP VERSION 9252020 ENG

256.0 Kb

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Javier Urey Higazy

POSITION

General Manager

PHONE NUMBER

+591 (3) 338-8100

EMAIL

jurey@mainter.com.bo

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