Company name
JAJ Depot et Gravel
Project number
HA2782A-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
Haiti
Sector
Social Infrastructure
Status
Completed
Disclosed date
02/21/2014
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/25/2014
Approval date
12/19/2014
Signed date
02/06/2015
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
JAJ Depot et Gravel (“JAJ”) is a successful Haitian SME company (Small and Medium Size) that started operations in the area of Cayes Jacmel in 2004. The company has evolved from a whole sale distribution company in the south of Haiti to a producer and sellers of aggregate construction materials with operations in Leogane and the outskirts of Port-au-Prince in addition to the Jacmel operations.
Today, JAJ’s main business is production and selling of aggregates materials for the construction industry with operation at two sites (Pernier and Leogan) which represents about 70% of sales. The second business unit is the wholesale and retails of consumer goods (i.e. edible oil, rice, soup and others) in the Cayes Jacmel area.
JAJ will use the proceeds of the IIC loan to purchase equipment, finance working capital (i.e. inventory and account receivable), and to relocate operations at Pernier location, near the Grise river, to a higher ground. In addition to the medium term loan to finance its operations, JAJ Depot will benefit from the relationship with the IIC in strengthening its practices in areas of environmental, safety, social and labor management as well as consolidating its internal controls including external auditor for reporting financial statements.
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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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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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