Company name
Stone Instituição de Pagamentos S.A.
Project number
14850-01
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
FI-3
Country
Brazil
Sector
Financial Institutions
Status
Proposed
Disclosed date
09/26/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/02/2024
Approval date
12/02/2024
Signed date
12/06/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
BRL
Project scope and objective
The proposed transaction is a financing of up to US$50 million under which Stone Instituição de Pagamentos S.A. (“Stone”) would provide credit to Micro, Small and Medium-Sized Enterprises (“MSMEs”) for working capital purposes with a focus on the Legal Amazon region, with the potential to target businesses led by women and underserved minorities. Stone grants credit based on the history of transactions processed by such companies, in addition to other information such as debt, financial leverage, and the historical performance of MSMEs and automatically collects reimbursements from their credit card flows using receivables originated from such companies' transactions as collateral for the loans granted.
Stone is the leading provider of payment technology solutions for merchants and integrated partners to conduct their business through e-commerce, in-person, online and mobile channels in Brazil, in addition to offering a full range of software solutions and banking services to its customers.
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
diego.salgado@stone.com.br
PHONE NUMBER
+55 (11) 98403-9908
POST OFFICE ADDRESS
Av. Brigadeiro Faria Lima, 3064, 10th floor / São Paulo, SP, Brazil
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 OfficesFor 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.
STONE AMAZONIA MSME LOAN 14850-01-BR - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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