Company name

Mercon B.V. Mercon Coffee Corp.

Project number

13054-01

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

Regional

Sector

Agribusiness

Status

In implementation

Disclosed date

03/12/2021

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

Projected board date
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04/14/2021

Approval date

04/14/2021

Signed date

04/30/2021

Sponsoring entity

N/A

Team leader

Yan, Shanyue

Investment type

Syndicated amount

N/A

Financing amount

USD $ 50,000,000

Currency

USD

Project scope and objective

The proposed financing to Mercon B.V. and Mercon Coffee Corp. (the "Borrowers", "Mercon" or the "Company") aims to provide liquidity to Borrowers, throughout the coffee value chain from their operations of origin, coffee production (own and from third parties) and its processing, to destination, logistics and commercialization (mainly exports), to promote the growth of its sales of coffee originating in Brazil, Colombia, Guatemala, Honduras, and Peru.





The proposed financing consists of a revolving, uncommitted, short-term credit line linked to sustainability parameters of up to US$50 million, which will be part of a syndicated credit line of up to US$500 million, subject to optional incremental features. The participation of IDB Invest will support the Company to ensure the relevant financing for its operations, mainly financing its original activities.


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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.

MERCON - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) MARCHV7

409.6 Kb

MERCON - ENVIRONMENAL AND SOCIAL ACTION PLAN (ESAP) MARCH 2021V7

276.5 Kb

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Leonardo Morales

POSITION

CFO

PHONE NUMBER

+(505) 2255-9200

EMAIL

lmorales@merconcorp.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