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Company name

Pura Fruit Company S.A.

Project number

14309-01

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
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B

Country

Peru

Sector

Agribusiness

Status

Proposed

Disclosed date

11/11/2022

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

Projected board date
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12/16/2022

Approval date

12/16/2022

Signed date

05/22/2023

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 10,000,000

Currency

USD

Project scope and objective

The proposed transaction consists of a Senior Guaranteed loan for up to US$10 million, at a term of 7 years with a grace period of two years and guarantee on assets acceptable to IDB Invest. The funds will be used to finance capital expansion investments to increase crop production and the efficiency of existing operations.

 

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Amendment:  An updated version of the Environmental and Social Action Plan (ESAP)  has been published on May 5, 2023.

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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.

PURA FRUIT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

266.2 Kb

PURA FRUIT - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

204.8 Kb

PURA FRUIT ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) - REVISED VERSION (MAY 2023)

235.5 Kb

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Contact information

For inquiries, comments and information requests about the project

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

mpiccone@purafruit.com

PHONE NUMBER

+51 936916300

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

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