Company name
BlueOrchard Latin America and the Caribbean Gender, Diversity, and Inclusion Fund S.C.A., SICAV-RAIF
Project number
14225-01
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
FI-3
Country
Regional
Sector
Investment Funds
Status
In implementation
Disclosed date
12/21/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/16/2023
Approval date
05/16/2023
Signed date
06/26/2023
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 40,000,000
Currency
USD
Project scope and objective
The Project consists of an investment in the BlueOrchard Latin America and the Caribbean Gender, Diversity, and Inclusion Fund S.C.A., SICAV-RAIF (the “Fund”), the first private debt Gender, Diversity & Inclusion (“GDI”) fund in Latin America and the Caribbean (“LAC”). The Fund will focus on increasing the access to finance to underserved groups by providing financing mainly to Financial Institutions (“FIs”), such as microfinance institutions (“MFIs”), universal banks, fintechs, leasing institutions, factoring companies, and cooperatives that will increase access to finance for women-led and/or -owned Micro, Small and Medium Sized Enterprises (“MSMEs”), indigenous groups, African descendants, people with disabilities, older people, and companies at the forefront of implementation of diversity policies.
The Fund will be managed by BlueOrchard Finance Ltd. (the “Fund Manager” or “BlueOrchard”), a leading global impact investment manager with more than 21 years of experience and track record in microfinance and financial inclusion, and more than US$4 billion in Assets under Management (“AUM”).
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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.
LAC GENDER, DIVERSITY
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