Namu Travel: Expanding sustainable travel in LATAM (IDBI-15466-01)

Countries
  • Costa Rica
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
C
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
Aug 29, 2025
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
Corporación de Viajes Mundiales S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 12.00 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.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 15, 2025

Disclosed by Bank Jul 21, 2025

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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.

Founded in 1999 and headquartered in Panama and Costa Rica, Corporacion de Viajes Mundiales S.A., operating under the brand Namu Travel Group, has established itself as a leading travel company with a strong presence primarily in Central America.Positioning itself as a leader in the travel sector, Namu specializes in creating tailor-made programs and itineraries that offer unique and enriching experiences for its clients, who mainly come from the United States and Europe--fostering a distinctive connection with the region.

The group has built close relationships with over a hundred suppliers, most of which are small boutique hotels, tour operators, and tourist transportation providers--many of them classified as Small and Medium-Sized Enterprises (SMEs).

The transaction involves the provision of a working capital loan of up to US$9 million, with a term of up to 540 days, available over a period of 3.5 years, and renewable for an additional term. The objective is to channel funds to these SME suppliers through a pre-purchase program for hotel nights or tourism experiences, effectively improving the operating capital and cash availability of these service providers. Most of these Eligible Suppliers are classified as Small and Medium-Sized Enterprises (SMEs).

In addition, a long-term credit line of up to US$3 million will be included, with a term of up to 3.5 years, renewable, aimed at financing investments in capital and technology that will support the growth and development of Namu Travel Group, enabling its expansion across Latin America and the Caribbean.

SMEs play a vital role in the tourism industry, generating a significant share of employment in the sector. However, they face various challenges that can affect their competitiveness and financial sustainability, such as limited access to financing and capital. Through Namu's pre-purchase program, these SMEs will gain access to advance cash flows that will allow them to strengthen their financial solvency and implement necessary operational improvements--such as facility upgrades, new equipment acquisition, and employee retention during the low season--ultimately enhancing their business resilience.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.

EMAIL: [email protected]

PHONE: +1(202)-566-4566

ADDRESS: 1350 New York Ave NW, Washington, DC 20005

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request

ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST

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 (IDB Invest)-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 IDB Invest 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).

How it works

How it works