The proposed transaction with Banco Cooperativo Sicredi S.A. ("Sicredi") consists of a senior unsecured financing of up to one hundred million dollars (US$100,000,000) to be denominated in Brazilian reals, to be funded by IDB. In addition, IDB Invest ("IDBI"), in its capacity as administrator of the Canadian Climate Fund will provide a loan of up to the equivalent in Brazilian Reals to ten million dollars (US$10,000,000) to be funded by IDBI, in its capacity as administrator of the Canadian Climate Fund.
The use of proceeds will be to extend credit to photovoltaic (PV) solar projects through Eligible Cooperatives (cooperativas singulares) and which form part of the Sistema de Credito Cooperativo (the "System").
Complete the IDB Invest online training course on Environmental and Social Risk Management.
Present certificate of the person in charge of the ESMS
Before first disbursement
6. Contact InformationFor project inquiries, including environmental and social questions related to an IDB Invest transaction please contact the client (seeInvestment Summarytab), or IDB Invest using the email@example.com. As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing firstname.lastname@example.orgMICI@iadb.org, or calling +1(202) 623-3952.
Contact Client Name: Fabio Magalhaes Nunes
Title: Corporate Finance Manager
Phone number: +55 (51) 3358-8710