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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
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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
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09/26/2023

Approval date

09/26/2023

Signed date

11/16/2023

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

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.

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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.

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

For inquiries, comments and information requests about the project

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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

EMAIL

robharper@namutravel.com

PHONE NUMBER

800-2762-1578

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .