Company name
Grupo Progreso
Project number
PE3893A-01
N/A
E&S category
N/A
Country
Peru
Sector
Financial Institutions
Status
Completed
Disclosed date
03/12/2010
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/13/2010
Approval date
04/28/2010
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 1,500,000
Currency
N/A
Project scope and objective
Leasing Total is a leasing company that finances small and medium-size companies that provide services to large companies in such industries as utilities (electricity, water, telephony), healthcare, oil and mining, construction, and trade. The purpose of the IIC project is to support Leasing Total’s activities and partially fund the growth of its leasing portfolio. The US$1.5 million IIC loan will enable the company to further diversify its sources of medium-term funding and match the loan term with leasing agreement terms.
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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
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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