Company name

Cooperatieve Spaar en Kredietbank Godo G.A.

Project number

SU3300A-01

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E&S category
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N/A

Country

Suriname

Sector

Financial Institutions

Status

Inactive

Disclosed date

09/30/2008

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

Projected board date
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11/04/2008

Approval date

11/03/2008

Signed date

N/A

Sponsoring entity

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Team leader

Navas, Rodrigo

Investment type

Financing requested

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Syndicated amount

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Financing amount

USD $ 1,000,000

Currency

USD

Project scope and objective

Cooperatieve Spaar en Kredietbank Godo G.A. ("Godo") is the largest savings and credit union in Suriname; it specializes in lending for housing. The purpose of this IIC project is to support Godo’s lending activities and fund the growth of its credit portfolio. The US$1.5 million IIC loan would enable the institution to diversify its sources of funding by obtaining its first long-term loan from a multilateral institution.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

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Client Contact

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POSITION

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PHONE NUMBER

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EMAIL

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices