Company name
Cooperatieve Spaar en Kredietbank Godo G.A.
Project number
SU3300A-01
N/A
E&S category
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
11/04/2008
Approval date
11/03/2008
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
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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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 OfficesFor inquiries, comments and information requests about the project
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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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