Company name

Viru S.A.

Project number

13487-02

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
tooltip

B

Country

Peru

Sector

Agribusiness

Status

Proposed

Disclosed date

11/12/2021

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

Projected board date
tooltip

12/15/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

Virú S.A.

Team leader

Narvaez, Carlos Eduardo

Investment type

Syndicated amount

N/A

Financing amount

USD $ 20,000,000

Currency

USD

Project scope and objective

It consists of a committed line of credit for up to US$20 million for use in working capital of the artichoke cultivation (the “Facility”) of Virú S.A. (“Virú or the“ Company ”), specially structured to cover the cash conversion cycle of the production and sale of the crop for the next three years, to ensure the growth and sustainability of the value-added artichoke products that Virú exports . The objective of the transaction is to strengthen the linkages of its value chain, which will allow the Company to increase exports of processed artichoke and the integration of more than 50 new producers.

For inquiries, comments and information requests about the project

Request information

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

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.

VIRU - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

81.9 Kb

VIRU - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

256.0 Kb

For inquiries, comments and information requests about the project

Request information

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

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Oscar Echegaray

POSITION

Capital Humano y Asuntos

PHONE NUMBER

+51 44 484040

EMAIL

viru@viru.com.pe

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