Company name
Corporacion El Rosado S.A.
Project number
15063-01
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
Ecuador
Sector
Manufacturing
Status
Proposed
Disclosed date
10/07/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/13/2024
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
The present project consists of a comprehensive working capital package of up to a total of US$50 million for Corporación El Rosado S.A. (“The Company”), comprised of: (i) a committed facility of up to US$15 million for financing inventory imports; (ii) an uncommitted facility of up to US$15 million for the same use of funds; and (iii) an uncommitted facility of up to US$20 million to improve access to financing for its suppliers, many of whom are small and medium-sized enterprises (SMEs). This comprehensive financial solution will enable "The Company" to benefit a larger target population from the middle and lower sectors with quality products at competitive prices, while also supporting the value chain of the sector.
El Rosado is a company with more than 68 years of experience and is one of the most important business groups in Ecuador, with a national presence through its various lines of business, including the second-largest supermarket chain in the country. Since its founding, the Company has been part of the development of the national business fabric and is currently one of the largest employers in the country, with approximately 9,300 employees.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
info@elrosado.com
PHONE NUMBER
+593 (4) 3702400
POST OFFICE ADDRESS
9 de octubre 719 y Boyacá, Guayaquil, Ecuador
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.
EL ROSADO III - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)
460.8 Kb
EL ROSADO III - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)
112.6 Kb