Improving the Supply of Credit for Small Farmers in Cooperativa Campesina Inter- (IADB-CH-S1004)

Countries
  • Chile
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
Dec 10, 2015
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
COOPEUMO
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)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.25 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)
$ 0.42 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Aug 16, 2017

Disclosed by Bank Jul 13, 2016


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Project Description
The IADB's expected impact of the project is to increase the agricultural incomes of small producers who are members of Cooperativa Campesina Inter-comunal Peumo Ltda. (COOPEUMO). The project’s expected outcome is that small producers will be able to access medium-term financing to acquire inputs and productive assets to boost their productivity. The project will allow COOPEUMO to unfreeze its productive loan program and technical assistance in the field, through the placement of medium-term resources and the strengthening of its lending and other activities, which will boost its productivity and that of its member producers. This Technical Cooperation component specifically will carry out various activities (some by hiring consultants) to: (i) strengthen post-harvest capacities and quality of production for export, through assistance in the field in all stages of growing, as well as during marketing; (ii) improve loan management and expand the cooperative’s team of field technicians, who will also provide support in placing, utilizing, and collecting the loans granted through the project; and (iii) disseminate its activities locally with current and potential members, at the national level with potential buyers, and at the international level with regard to export products.
Investment Description
  • Inter-American Development Bank (IADB)
This investment has two components, one reimbursable financing and one a non-reimbursable Technical Cooperation. This Technical Cooperation component has a total budget of .42 million, .25 million of which is financed through the IADB's ordinary capital and .17 million of which is funded by Country Counterpart financing. The loan component has a cost of .92 million (see Related Projects), for a total operation cost of 1.34 million.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB 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 (IIC)-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 IIC 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).