Company name

Factoraje Pentágono S.A.

Project number

ES3410A-01

FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.

E&S category
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FI-3

Country

El Salvador

Sector

Financial Institutions

Status

In implementation

Disclosed date

11/19/2013

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

Projected board date
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01/06/2014

Approval date

01/30/2014

Signed date

03/25/2015

Sponsoring entity

N/A

Team leader

Guevara Sanchez, Marvin

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 500,000

Currency

USD

Project scope and objective

The proceeds of this loan will be used to provide financing to small and medium-sized enterprises in El Salvador through loans for working capital and the modernization and/or growth of these enterprises, based on eligibility criteria to be established by the IIC.

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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 REVIEW

30.2 Kb

For inquiries, comments and information requests about the project

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

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

N/A

POSITION

N/A

PHONE NUMBER

N/A

EMAIL

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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