Company name
Banco Cooperativo Sicoob S.A.
Project number
15641-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Brazil
Sector
Financial Institutions
Status
Proposed
Disclosed date
05/22/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/30/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
The project involves a long-term senior financing to Banco Cooperativo Sicoob S.A. (“Sicoob”) consisting of: (i) an A loan of up to US$50 million to be funded by IDB Invest, with a tenor of up to five years; (ii) a B loan of up to US$50 million, funded by one or more institutional investors, with a tenor of up to three years; and (iii) a parallel loan of up to US$100 million, funded by JICA. The proposed financing will support Sicoob’s financing to Micro, Small, and Medium-Sized Enterprises ("MSMEs") and Women-led MSMEs in Brazil.
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Contact information
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Client Contact
PHONE NUMBER
+55(61) 3217-5606
POST OFFICE ADDRESS
SIG – Setor de Indústrias Gráficas, Quadra 06, Número 2.080 CEP: 70.610-460 – Brasília D.F. - Brasil
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Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] 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 [email protected] or [email protected] 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.
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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.
SICOOB MSMES LOAN - 15641-01 – BR ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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