Cadelga Agri (IFC-602681)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Honduras
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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
Jan 12, 2018
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
Cadelga
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.95 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)
$ 4.95 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Campaign Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 27, 2018

Disclosed by Bank Oct 19, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to IFC website, this project will support Cadelga to strengthen its agrifinance products and services offer to smallholder farmers in Honduras by developing and deploying specific and adequate agrifinance and training products. It is structured in four main components: (i) Opportunity analysis and pilot design; (ii) Pilot implementation and monitoring; (iii) Business plan design; and (iv) Distribution network strengthening. Further, the expected development impact of this project is to support Cadelga developing and deploying specific and adequate financial and farmer training products for smallholder farmers in Honduras, thereby increasing their access to finance and technical information, and strengthening their operational capacities.

People Affected By This Project

The expected development impact of this project is to support Cadelga developing and deploying specific and adequate financial and farmer training products for smallholder farmers in Honduras, thereby increasing their access to finance and technical information, and strengthening their operational capacities.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

No contact information provided at the time of disclosure. 

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/