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Company name

Corporación de Viajes Mundiales S.A.

Project number

15466-01

Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.

E&S category
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C

Country

Regional

Sector

Tourism

Status

Proposed

Disclosed date

07/21/2025

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

Projected board date
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08/29/2025

Approval date

N/A

Signed date

N/A

Sponsoring entity

Costa Rican Internet Services (USA) y Costa Rica Holiday UK (Costa Rica)

Investment Operations Department Contact

Corporates Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 12,000,000

Currency

USD

Project scope and objective

Founded in 1999 and headquartered in Panama and Costa Rica, Corporación de Viajes Mundiales S.A., operating under the brand Namu Travel Group, has established itself as a leading travel company with a strong presence primarily in Central America.
Positioning itself as a leader in the travel sector, Namu specializes in creating tailor-made programs and itineraries that offer unique and enriching experiences for its clients, who mainly come from the United States and Europe—fostering a distinctive connection with the region.

The group has built close relationships with over a hundred suppliers, most of which are small boutique hotels, tour operators, and tourist transportation providers—many of them classified as Small and Medium-Sized Enterprises (SMEs).

The transaction involves the provision of a working capital loan of up to US$9 million, with a term of up to 540 days, available over a period of 3.5 years, and renewable for an additional term. The objective is to channel funds to these SME suppliers through a pre-purchase program for hotel nights or tourism experiences, effectively improving the operating capital and cash availability of these service providers. Most of these Eligible Suppliers are classified as Small and Medium-Sized Enterprises (SMEs).

In addition, a long-term credit line of up to US$3 million will be included, with a term of up to 3.5 years, renewable, aimed at financing investments in capital and technology that will support the growth and development of Namu Travel Group, enabling its expansion across Latin America and the Caribbean.

SMEs play a vital role in the tourism industry, generating a significant share of employment in the sector. However, they face various challenges that can affect their competitiveness and financial sustainability, such as limited access to financing and capital. Through Namu’s pre-purchase program, these SMEs will gain access to advance cash flows that will allow them to strengthen their financial solvency and implement necessary operational improvements—such as facility upgrades, new equipment acquisition, and employee retention during the low season—ultimately enhancing their business resilience.

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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.

NAMU TRAVEL ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

880.6 Kb

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Founded in 1999 and headquartered in Panama and Costa Rica, Namu Travel Group has established itself as a leading company in the travel sector, with a strong presence in Central America. Specializing in the design of customized programs and itineraries, Namu offers unique and enriching experiences to its clients, primarily from the United States and Europe, thereby fostering a distinctive connection with the region. The company has developed close relationships with over a hundred local providers, most of them small boutique hotels, tour operators, and tourist transportation companies, many of which are classified as SMEs. This would be the second transaction with Namu. The operation involves providing an uncommitted working capital loan of up to US$4 million, aimed at channeling resources to these providers through a pre-purchase program of hotel nights and tourism experiences. The initiative seeks to effectively strengthen the working capital and liquidity of these service providers. Additionally, a long-term credit line of up to US$3 million will be included, aimed at financing capital and technology investments to support the growth and development of Namu Travel Group, enabling its expansion across Latin America and the Caribbean.

Contact information

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Alternatively, you may also use the following contact information :

Client Contact

PHONE NUMBER

800-2762-1578

POST OFFICE ADDRESS

Sortis Business Tower, Piso 20, Workspace, Oficina 2012 Obarrio, Panama City, Panama

IDB Invest Contact

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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