GAIA (IDBI-12885-01)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 19, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Popup Design, S. de R.L. de C.V. and Popup Design Inc. ("GAIA")
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Apr 23, 2020

Disclosed by Bank Apr 15, 2020


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Project Description

Support for GAIA entails strengthening its expansion in order to leverage its large installed capacity and supply chain--which consists of Mexican micro, small, and medium-sized enterprises ("MSMEs") that specialize in the manufacture of design furniture--combined with the marketing and distribution of such furniture through a digital platform (application or app) complemented by brick-and-mortar stores (the "Project"). More information regarding the Project can be accessed through the following electronic link:https://www.gaiadesign.com.mx

 

Investment Description
  • IDB Invest (IDBI)
Contact Information

Thibaut Camesella
Head of Administration and Finance
[+52] 155 4833-4071

thibaut@gaiadesign.com.mx

https://www.gaiadesign.com.mx

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).