Company name
CORPORACION FAVORITA CA
Project number
15947-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Regional
Sector
Manufacturing
Status
Proposed
Disclosed date
12/17/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
01/27/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 33,000,000
Financing amount
USD $ 143,000,000
Currency
USD
Project scope and objective
Corporación Favorita is a leading retail conglomerate in Ecuador and the country’s largest supermarket operator, with a diversified portfolio that includes supermarket formats, wholesale sales, and e-commerce. It operates in Panama through its subsidiary Rey Holding, as well as in other Latin American countries. The proposed financing includes a package of up to US$143 million, structured to support strategic growth and sustainability initiatives; it comprises (i) a committed senior secured loan of up to US$30 million; (ii) an uncommitted senior secured loan of up to US$80 million; (iii) US$30 million to be mobilized; and (iv) a senior secured loan with concessional resources of up to US$3 million.
The financing resources will be used for refinancing existing debt, developing a solar power plant, investing in the distribution center of its subsidiary Rey Holding Corp., and funding a pilot project for the installation and operation of Battery Energy Storage Systems (“BESS”).
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Contact information
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Client Contact
PHONE NUMBER
+593-299650
POST OFFICE ADDRESS
Av. General Enríquez vía Cotogchoa, Quito, Ecuador
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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.
CORPORACION FAVORITA INVERSIÓN SOSTENIBLE RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)
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CORPORACIÓN FAVORITA INVERSIÓN SOSTENIBLE PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS O ESAP)
215.0 Kb