Company name

Viviendas Integrales S.A.P.I. de C.V. (“Vinte”)

Project number

11307-04

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

Mexico

Sector

Social Infrastructure

Status

In implementation

Disclosed date

07/28/2016

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

Projected board date
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09/13/2016

Approval date

10/20/2016

Signed date

11/16/2016

Sponsoring entity

N/A

Team leader

Vera Fabbri, Pablo Marcelo

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 16,162,300

Currency

MXN

Project scope and objective

Vinte is a holding company with subsidiaries that develop, promote, design, build, and sell social-interest, middle-income, and upper-income housing, primarily in five states in the center of Mexico.

The proposed operation with Vinte is a revolving credit line for financing the construction of social-interest, middle-income, and upper-income housing in Mexico. The proposed line of MX$300 million will comprise a committed tranche of MX$200 million and an uncommitted tranche of MX$100 million.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

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Project images

Vinte III
Vinte III
Vinte III
Vinte III

Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

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POSITION

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PHONE NUMBER

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EMAIL

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices