Company name
Banco Cooperativo Sicoob S.A.
Project number
14881-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
País
Brazil
Sector
Financial Institutions
Estado
In implementation
Disclosed date
11/22/2024
N/A
Projected board date
05/20/2025
Approval date
05/20/2025
Signed date
06/12/2025
Sponsoring entity
N/A
Investment Operations Department Contact
Divisão de Instituições Financeiras
Investment type
Syndicated amount
USD $ 10,000,000
Financing amount
USD $ 65,000,000
Currency
USD
Project scope and objective
A transação proposta consiste em um empréstimo sem garantia (o “Empréstimo”) para o Sicoob de até US$70 milhões. O prazo da transação é de sete anos, com um período de carência de três anos e parcelas semestrais. O financiamento proposto ajudará a expandir o acesso ao financiamento no Brasil, apoiando a expansão do portfólio verde do Sicoob, com foco em sua estratégia de Micro, Pequenas e Médias Empresas ("MPME").
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Contact information
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Client Contact
PHONE NUMBER
+55 61 3217-5360
POST OFFICE ADDRESS
SEDE I: SIG quadra 6 lote 2080, 70610-460 Brasília/DF
IDB Invest Contact
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to [email protected] ou [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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Environmental and social review
REVISADA BANCO SICOOB FINANCIAMENTO VERDE 14881-01 BR - RESUMO REVISAO AMBIENTAL SOCIAL (RRAS) ABS
122.9 Kb