Company name
Namu Travel
Project number
14588-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Regional
Sector
Tourism
Status
In implementation
Disclosed date
08/21/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/26/2023
Approval date
09/26/2023
Signed date
11/16/2023
Sponsoring entity
N/A
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
Founded in 1999 with offices in Panama and Costa Rica, Namu Travel Group has established itself as a leading travel in Central America. Positioning itself as a leader in the travel industry, Namu specializes in creating tailor-made programs and itineraries, with unique and enriching experiences for its clients, which mainly come from the United States and Europe, thus fostering a distinctive link with the region. The group has established close relationships with over a hundred providers, the majority of which are small boutique hotels, tour operators, and tourist carriers, many SMEs.
The transaction consists of the provision of a working capital loan for an amount of up to US$5 million, with the objective of directing funds towards these suppliers, through a program of advance purchases of hotel nights, tourism services, or transportation improving effectively the operating capital and cash availability of these service providers.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
robharper@namutravel.com
PHONE NUMBER
800-2762-1578
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(202) 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.
NAMU - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS - 20 AGO 2023)
522.2 Kb
NAMU - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP - 20 AGO 2023)
327.7 Kb