Mainter Import Finance (IDBI-13143-01)

  • Bolivia
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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
Dec 11, 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.
Main International Trading Company S.R.L
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 9.00 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 Nov 9, 2020

Disclosed by Bank Sep 28, 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 proposed transaction consists of a secured, revolving, non-committed line of credit with a  3 year tenor, for up to US$9 million, under which IDB Invest would make disbursements in up to 240 days to import agricultural machinery and/or supplies for Main International Trading Company S.R.L’s (“Mainter” or the “Company”) “Elegible Vendor(s),” which will be sold and/or financed out to agricultural producers.

The Project seeks to offer a working capital solution that is currently unavailable in the Bolivian market, which will allow Mainter to finance the imports of agricultural machinery and/or supplies, continue with its growth plan and pass the economic benefits of the Facility to its small and mid-sized agricultural producer clients. This would be the first transaction of IDB Invest with Mainter, and with Grupo Landicorp, and its first intervention in the agribusiness sector in Bolivia in the last few years.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

This transaction has been classified as Category B, as per IDB Invest's Environmental and Social Sustainabilitu Policy, as it may generate impacts and risks associates with the following aspects: (i) operation of E&S management and monitoring systems, (ii) workforce management and provision of adequate working conditions, OHS programs; (iii) fire safety; (iv) monitoring and management of agrochemical handling; (v) relation with the community; and (vi) sustainability of the suply chain.

BID Invest performed the virtual Environmental and Social Due Diligence (ESDD) of the Project from July 21 through 24, 2020. E&S, Occupational Health and Safety (OHS), and labor information was reviewed in the form of Mainter's procedures, policies, reports, audits, licenses and other internal documents, and meetings were held with Company personnel.

The Company will be required to ensure the Project meets the requirements of IDB Invest's Sustainability Policy and address any identified gaps in the form of an action plan.

Based on the information received and reviewed to date, the following Performance Standards (PS) would be activated by the Project: PS 1: Assessment and Management of Environmental and Social Risks and Impacts; PS 2; Labor and Working Conditions; PS 3; Resource Efficiency and Pollution Prevention; and PS 4; Community Health, Safety, and Security. The Project-related PSs will be finally determined after the ESDD is completed.

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
- - - - Main International Trading Company S.R.L Investor -

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 project inquiries, please contact Mainter:

Name:                                       Javier Urey Higazy    

Title:                                          General Manager        

Telephone number:                +591 (3) 338-8100

E-mail address:             

For inquiries and comments for IDB Invest, please contact:

Name:                                      IDB Invest Communications Group

E-mail address:            

In addition, affected communities have access to the IIC Independent Consultation and Investigation Mechanism via:

Telephone number:               +1 (202) 623-3952

Fax number:                            +1 (202) 312-4057

Address:                                  1300 New York Ave. NW Washington, DC. USA. 20577

E-mail address:              or

How it works

How it works