Naturasol Capital de Trabajo (IDBI-13117-01)

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
Oct 14, 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
Naturasol S.A. de C.V. y Mielmex S.A. de C.V.
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 16.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Sep 3, 2020

Disclosed by Bank Sep 2, 2020

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Project 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
  • IDB Invest (IDBI)
Private Actors
Contact Information

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