Company name

Danper Trujillo S.A.C.

Project number

12180-01

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
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B

Country

Peru

Sector

Agribusiness

Status

In implementation

Disclosed date

08/02/2017

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

Projected board date
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09/19/2017

Approval date

09/26/2017

Signed date

11/08/2017

Sponsoring entity

N/A

Team leader

Olazo Baracco, Ericka

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 20,700,000

Currency

USD

Project scope and objective

The objective of the loan is to support the growth and competitiveness of Danper Trujillo S.A.C. (“Danper” or the “Company”), a leading private company in the agribusiness sector located in Trujillo, in northern Peru. The Company has been a client of the IDB Group since 2014 and is engaged in the production, processing, and export of asparagus, artichokes, peppers, mangos, grapes, avocados, and blueberries. Danper has embarked on a US$41 million multiyear (2017-2019) investment plan that can be grouped in three categories: (i) investments to increase agricultural production; (ii) investments to improve industrial facilities and install two processing plants; and (iii) working capital financing related to the investments (collectively called the “Project”). Financing from the Inter-American Investment Corporation (IIC) in the amount of US$20.7 million will be supplemented by cash generation contributed by the Company (US$13.5 million) and other financing (US$7 million). The proposed IIC loan for US$20.7 million will have a term of 10 years and a grace period of 30 months.

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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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Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

DANPER-ENVIRONMENTAL AND SOCIAL ACTION PLAN 0.PDF

77.0 Kb

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Project images

Danper II
Danper II
Danper II

Contact information

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Client Contact

CONTACT NAME

N/A

POSITION

N/A

PHONE NUMBER

N/A

EMAIL

N/A

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