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Company name

FINCA Haiti S.A.

Project number

12001-02

FI-3 operations are those where the risk potential is considered low: the FI’s current or future portfolio consists of financial exposure to business activities that predominantly have minimal or no adverse environmental and social impacts.

E&S category
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FI-3

Country

Haiti

Sector

Financial Institutions

Status

In implementation

Disclosed date

10/13/2021

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

Projected board date
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12/06/2021

Approval date

12/06/2021

Signed date

05/25/2022

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 1,500,000

Currency

USD

Project scope and objective

The proposed project consists of a senior loan facility for up to US$1.5 million to Fondation pour L’Assistance Communautaire Internationale Haiti S.A. (“FINCA Haiti” or the "Institution"). The loan term will be up to three years, with semi-annual principal and interest payments. The loan proceeds will be used to grow the Institution's micro-finance and micro and small business portfolios, while encouraging financial inclusion.

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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.

FINCA 12001-02 ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

174.1 Kb

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

Administration@fincahaiti.com

PHONE NUMBER

n/a

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .