Early Warning System

Regions

Latin America and Caribbean

Geographic location where the impacts of the investment may be experienced.

Countries

Brazil
Colombia
El Salvador
Honduras
Mexico
Peru

Geographic location 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

Canceled

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 6, 2023

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

Crediservir

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Agriculture and Forestry
Climate and Environment
Energy

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 0.30 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.

Grant Amount (USD)

$ 0.30 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.

Project Cost (USD)

$ 0.60 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

Other Related Projects

IADB-RG-T4357 LAC E-Coop: Piloting Innovative Green Finance to Promote Productive Community-Based Clean Energy Solutions

Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 9, 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.

According to the Bank’s website, the objective is to promote access to clean energy under innovative models that involve climate change mitigation and decarbonization of production chains in rural areas. This will have an impact on increasing the resilience of the rural population and the agricultural sector in the region.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The IADB categorized the project risk as FI-2.

Investment Description

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

Inter-American Development Bank (IADB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

De acuerdo con el IADB, La transacción consiste en un Financiamiento de Recuperación Contingente para Inversión (“CRIG” por sus siglas en inglés) en favor de Crediservir (la “CAC”) para fomentar el acceso a fuentes de energía limpia para actividades productivas en organizaciones rurales a través de crédito verdes, para aumentar la resiliencia de la población rural y agropecuaria en zonas desatendidas en el departamento de Santander y Norte de Santander, en Colombia. Los beneficiarios de los créditos verdes serán aproximadamente 120 familias, organizaciones de productores de bajos ingresos, dedicadas a actividades agropecuarias.

Crediservir contará con el apoyo técnico de la DGRV - Confederación Alemana de Cooperativas quien apoyará en el diseño de los créditos verdes. Los créditos verdes se espera que se orienten a la compra e instalación de tecnologías limpias para la producción de energía limpia tales como paneles solares y biodigestores, y otras innovaciones con impacto ambiental positivo relacionadas con: i) sistemas de bombeo de agua; ii) sistemas de riego; iii) renovación de cultivos.

La Debida diligencia ambiental y social (DDAS) consistió en una reunión virtual con el equipo técnico de DGRV y revisión de escritorio de documentación compartida por Crediservir.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Crediservir	Client	-

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.

No contact information provided at the time of disclosure.

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).