Company name
Caja 18
Project number
13215-01
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
Chile
Sector
N/A
Status
In implementation
Disclosed date
06/21/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/25/2021
Approval date
10/25/2021
Signed date
12/28/2021
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 20,000,000
Currency
CLP
Project scope and objective
The proposed project includes a financing mechanism for Caja de Compensación de Asignación Familiar 18 de Septiembre (“Caja 18”) that will allow Caja 18 to deepen and expand its financial inclusion program for workers and pensioners, improving access to financial services to sectors excluded and neglected from traditional banking. This project will help Caja 18 to structure sustainable financing for an amount of up to CLP14,165 million (equivalent to US$20 million), which will have a term of up to three years with a one-year grace period.
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
jvial@caja18.cl
PHONE NUMBER
+600 718 18 18
POST OFFICE ADDRESS
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.
ESRS CAJA 18 ENG PUBLIC DISCLOSURE 21-JUN-2021
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ESRS CAJA 18 ENG PUBLIC DISCLOSURE 21-JUN-2021
173.4 Kb