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Primus Capital SME Financing Partnership

Project number 12343-01
Country Chile
Sector Financial Institutions
Status In implementation

Basic information

Company name
Primus Capital SpA
Investment type Loan
E&S category
FI-3
Disclosed date
Projected board date
Approval date
Signed date
Team Leader
Pun, Zoila

Financial Summary

Financing amount $ 10,000,000
Financing Currency
USD

Client
information

Client: Brian Moore P.
Title: Manager of Operations and Finance
Phone number: (562) 2411 2100
email address: bmoore@primuscapital.cl

PROJECT
SCOPE
AND
OBJECTIVE

The proposed operation contemplates a Senior Unsecured Loan of up to US$7 million (the "Loan") to be financed by IDB Invest. The term of the Loan is one year, renewable four times more for periods of up to one (1) year, at the discretion of IDB Invest. Loan funds will be used to finance Small and Medium-Sized Enterprises ("SMEs") through factoring and financial leasing operations.

Environmental
and
Social
Review

  1. Scope of Environmental and Social Review. This Project aims to support the credit activities that Primus Capital carries out with SMEs, financing factoring and financial leasing operations in Chile.
  2. Environmental and Social Categorization and Rationale. The transactions to be supported have a low risk potential. Therefore, per IIC’s Environmental and Social Sustainability Policy, Primus Capital has been categorized as FI-3.
  3. Environmental and Social Risks and Impacts. The environmental and social management capacity of Primus Capital will be evaluated during due diligence. Primus Capital will be required to ensure that all transactions supported comply with the IDB Invest Exclusion List and applicable environmental and social local laws. To enable the Borrower to better understand IDB Invest’s requirements, Primus Capital will be required to complete IDB Invest’s online training course on Environmental and Social Risk Management.

For project inquiries, including environmental and social questions related to an IDB Invest transaction please contact the client (see Investment Summary tab), or IDB Invest using the email requestinformation@idbinvest.org. 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(202) 623-3952.

For inquiries, comments and requests about the project

For inquiries, comments and requests about the project

Information Request