Naturasol Capital de Trabajo (IDBI-13117-01)

Countries
  • Mexico
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 27, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Naturasol S.A. de C.V. y Mielmex S.A. de C.V.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 16.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Jul 10, 2021

Disclosed by Bank Sep 2, 2020


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

"The transaction consists of a revolving and uncommitted multi-currency line of credit (US $ / MXN) for five years, up to US $ 16.2 million, under which IDB Invest will extend financing to the Companies for terms of up to 180 days (“the Ease")
This transaction is aligned with the efforts to “accelerate” defined in IDB Invest's Response to COVID-19 (CII / GN-419), by supporting a major Mexican processed products company by maintaining the fluidity of transactions within its supply chain to accelerate your growth strategy.
Borrowers will use IDB Invest funds to finance the purchase of raw materials (peanuts, seeds, cereals, and others) from Eligible Suppliers. The structure includes the presentation of shipping documentation in order to ensure the correct use of funds." 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Naturasol SA de CV Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For questions about the Project please contact Naturasol.
Name: Mario Alberto Esquivel
Title: Director of Administration and Finance
Phone number: +52 (55) 5562 6587
Email: mario.esquivel@mielmex.com
For questions and comments to IDB Invest, contact:
Name: IDB Invest Communication Group
Email: divulgacionpublica@IDBInvest.org
Additionally, affected communities can access the IIC's Independent Consultation and Investigation Mechanism (MICI) as follows:
Telephone number: +1 (202) 623-3952
Fax number: +1 (202) 312-4057
Address: 1300 New York Ave. NW Washington, DC. USES. 20577
Email: mechanism@iadb.org or MICI@iadb.org

How it works

How it works