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Company name

Factotal Peru S.A.

Project number

14700-01

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

Peru

Sector

Financial Institutions

Status

In implementation

Disclosed date

04/22/2024

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

Projected board date
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07/31/2024

Approval date

08/02/2024

Signed date

09/24/2024

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

USD $ 13,000,000

Financing amount

USD $ 5,000,000

Currency

USD

Project scope and objective

The Project aims to finance Micro, Small and Medium-Sized Enterprises ("MSMEs") through factoring operations in Peru. The proposed financing will consist of a syndicated senior loan of up to US$10 million comprised of: (i) a senior A loan of up to US$5 million financed by IDB Invest; and (ii) a senior B loan of up to US$5 million to be financed through a B lender. The loan will have a term of up to three years.

The Project will also enable Factotal Peru S.A. to improve the offer of its financial services to its clients, diversify its sources of funding, and, simultaneously, improve the structure of its assets and liabilities.

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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.

FACTOTAL PERU S.A ALLIANCE WITH FACTOTAL TO PROMOTE FACTORING-14700-01 PE - ENVIRONMENTAL AND SOCIAL REVIEW ES - COPY

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For inquiries, comments and information requests about the project

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information :

Client Contact

EMAIL

bmoya@factotal.com

PHONE NUMBER

Administration and Finance Manager

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 .