Company name
Cooperativa de Ahorro y Crédito Alianza Pérez Zeledón de R.L. ("Coopealianza")
Project number
CR3936A-01
N/A
E&S category
N/A
Country
Costa Rica
Sector
Financial Institutions
Status
In implementation
Disclosed date
07/01/2011
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/05/2011
Approval date
08/01/2011
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 1,000,000
Currency
N/A
Project scope and objective
Coopealianza was established in August 1971 in Pérez Zeledón and has since become one of the main savings and loan cooperatives in Costa Rica. It is has the largest number of members nationwide and is supervised by the Costa Rican financial market regulators.
Coopealianza is a service leader with fifty branches throughout the country and presence in all seven provinces. It is also one of the most important direct employers among the savings and loan cooperatives. Besides personal and housing loans, Coopealianza also provides financing for rural micro and small enterprises, which make up a significant part of its portfolio.
The goal of this IIC operation is to provide medium-term financing to Coopealianza so that, in turn, it can provide financing for business development to elegible projects and companies in the micro, small, and medium-sized segment throughout Costa Rica.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org 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 mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 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.
ENVIRONMENTAL AND SOCIAL REVIEW
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