Company name
Sugal
Project number
14983-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Chile
Sector
Agribusiness
Status
Proposed
Disclosed date
11/02/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/03/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
Sugal Chile Limitada
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 30,000,000
Currency
USD
Project scope and objective
The proposed financing consists of an Accounts Receivable Purchase Facility (the “Facility”) for Sugal Chile Limitada (“Sugal Chile” or the “Company”), under which IDB Invest will purchase a portfolio of eligible receivables. Each eligible receivable originates from the sale of tomato seedings, fertilizers, crop protection products, and other agricultural inputs required for land preparation and tomato cultivation to farmers (the “Agribusiness Account Receivables”).
The Company is the Chilean subsidiary of Sugal Group, a leading global producer of tomato paste. The Company maintains a network of approximately 300 small and medium-sized tomato growers that supply tomatoes used as raw material in its processing operations. Through its Agribusiness Account Receivables program, Sugal Chile provides financing for key agricultural inputs required for tomato cultivation, complemented by technical assistance and agronomic support throughout the growing cycle.
The Facility is expected to enhance access to finance for small and medium-sized farmers, strengthen the resilience of the Company’s agricultural supply chain, and promote more sustainable agricultural practices in Chile.
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Contact information
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Client Contact
PHONE NUMBER
+569 3468 8261
POST OFFICE ADDRESS
Francisco de Aguirre N°3720, Oficina 53, Vitacura, Santiago de Chile
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
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.
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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.
SUGAL RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)
327.7 Kb
SUGAL PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS O ESAP)
133.1 Kb