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Transparency and disclosure

Transparency Policy and Approach

In addition to development impacts, FinDev Canada aims to fully understand the human rights and environmental and social (E&S) risks presented by the operations of the businesses it supports.  FinDev Canada’s E&S Assessment Policy outlines the approach taken to mitigate human rights and E&S risks and potentially improve baseline E&S conditions in the businesses it supports.

FinDev Canada also had an independent verification conducted by BlueMark to assess the alignment of FinDev Canada’s impact management system with the Principles.

M-KOPA, LLC

Date of public notification (dd/mm/yy)  –  
Date of signing (dd/mm/yy) 28/02/18
Country(ies) of OperationKenya    
DomicileUSA     
Principal Counterparty/ies  M-KOPA, LLC  
Project Name (if applicable)    N/A
Financing ServiceEquity Investment
General description of transaction    M-KOPA provides solar lighting and other products to off-grid households on a pay-as-you-go basis 
Amount of Financial Support (anticipated/ actual) USD 10,000,000
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here  
Canadian Company Involved (if applicable) N/A

Climate Investor One

Date of public notification (dd/mm/yy)  26/10/2018  
Date of signing (dd/mm/yy) 04/12/2018
Country(ies) of OperationMultiple Countries    
DomicileThe Netherlands     
Principal Counterparty/ies  Climate Investor One  
Project Name (if applicable)    N/A
Financing ServiceFund Investment
General description of transaction    Climate Investor One facilitates early-stage development, construction financing, and refinancing to fast-track renewable energy projects in developing countries.
Amount of Financial Support (anticipated/ actual) USD 20,000,000
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here  
Canadian Company Involved (if applicable) N/A

EcoEnterprises III, L.P.

Date of public notification (dd/mm/yy)  10/04/2019  
Date of signing (dd/mm/yy) 22/05/2019
Country(ies) of OperationUnited States of America    
DomicileIreland     
Principal Counterparty/ies  EcoEnterprises III, L.P.  
Project Name (if applicable)    EcoEnterprises III
Financing ServiceFund Investment
General description of transaction    EcoEnterprises III is an investment fund that is providing capital to bio diversity based growth SMEs operating in sensitive ecosystems in Latin America.  The fund is managed by GEC EcoEnterprises Management, a specialist fund manager dedicated to securing a sustainable future through impactful investing.
Amount of Financial Support (anticipated/ actual) USD 12.5 million
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    GEC EcoEnterprises Management, LLC
Type of E&S Information Reviewed & Summary of Transaction Available here 
Canadian Company Involved (if applicable) N/A

Danper Agrícola La Venturosa S.A.C.

Date of public notification (dd/mm/yy)  13/05/2019  
Date of signing (dd/mm/yy) 27/06/2019
Country(ies) of OperationPeru    
DomicileSector Talambo, Chepen, La Libertad, Peru     
Principal Counterparty/ies  Danper Agrícola La Venturosa S.A.C.
Project Name (if applicable)    Danper ALV
Financing ServiceSecured Senior Debt
General description of transaction    Support the change in crop from low-value grape variety to high-value seedless grape varieties and avocado, as well as other operating enhancements.
Amount of Financial Support (anticipated/ actual) USD 8 million
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Danper Agrícola La Venturosa S.A.C.
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

Alitheia IDF

Date of public notification (dd/mm/yy)  13/05/2019  
Date of signing (dd/mm/yy) 28/11/2019
Country(ies) of OperationSouth Africa and Nigeria    
DomicileMauritius     
Principal Counterparty/ies  Agooji (the "GP")  
Project Name (if applicable)    Alitheia IDF
Financing ServiceFund Investment
General description of transaction    Alitheia IDF is an investment fund whose mandate is to invest in SMEs seeking growth funding with a specific focus on women-owned or led businesses operating in Nigeria, South
Africa, Lesotho, Ghana, Zimbabwe and Zambia.
Amount of Financial Support (anticipated/ actual) USD 7,5 million
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    IDF Capital (Pty) Ltd and Alitheia Capital (the “Advisors”); Agooji
(the “GP”)
Type of E&S Information Reviewed & Summary of Transaction Available Here 
Canadian Company Involved (if applicable) N/A

Africa Forestry Fund II Limited

Date of public notification (dd/mm/yy)  12/08/2019  
Date of signing (dd/mm/yy) 25/10/2019
Country(ies) of OperationSub-Saharan Africa
DomicileMauritius
Principal Counterparty/ies  Africa Sustainable Forestry Partners II L.P. (the “Sponsor”, the “General Partner”
or “GP”);
Criterion Africa Sustainable Forestry Management II LLC (the “Manager” or
“Advisor”)
Project Name (if applicable)    Africa Forestry Fund II Limited (AFF II) 
Financing ServiceFund Investment
General description of transaction    ASFF II is an investment fund focused on forestry and forestry-related assets in Sub-Saharan Africa. The Fund reached first close in April 2018 with a total capital
commitment of US$ 81M and is targeting a US$ 150M final close. The Fund has strong potential to provide positive environmental impact, local market
development and contribute to women’s economic empowerment at the investee companies.
Amount of Financial Support (anticipated/ actual) Up to USD 7.5 million
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available Here 
Canadian Company Involved (if applicable) N/A

JCM Power

Date of public notification (dd/mm/yy)  26/10/2019  
Date of signing (dd/mm/yy) 17/12/2019
Country(ies) of Operation Pakistan, Malawi, Kenya, Nigeria, Honduras
DomicileCanada
Principal Counterparty/ies  JCM Power Corporation (“JCM Power”)
Project Name (if applicable)    JCM Power
Financing ServiceConvertible Preferred Shares
General description of transaction    JCM Power is a Canadian-based renewable energy company that focuses on the development, construction, acquisition, and operation of utility scale renewable energy projects (primarily solar photovoltaic and wind) in developing countries. 
Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    JCM Power Corporation
Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) JCM Power Corporation

Produbanco

Date of public notification (dd/mm/yy)  04/11/2019  
Date of signing (dd/mm/yy) 12/02/2021
Country(ies) of OperationEcuador
DomicileEcuador
Principal Counterparty/ies  Banco de la Produccion S.A.
(“Produbanco”)
Project Name (if applicable)    Produbanco
Financing ServiceUnsecured Senior Debt
General description of transaction    Unsecured senior debt financing to finance small and medium sized enterprises, including for green business and energy efficiency.
Amount of Financial Support (anticipated/ actual) USD 10M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Banco de la Produccion S.A.
Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) N/A

M-KOPA II

Date of public notification (dd/mm/yy)  02/01/2020  
Date of signing (dd/mm/yy) 24/01/2020
Country(ies) of Operation Kenya
DomicileUnited Kingdom
Principal Counterparty/ies  M-KOPA Holdings Limited 
Project Name (if applicable)    N/A
Financing ServiceConvertible Promissory Note
General description of transaction   Leading off-grid solar company with pay-as-you-go technology, based in Nairobi, Kenya, aiming to expand its product range and geographic markets, and transitioning to broader asset finance strategy targeting low-income, high-volume markets. 
Amount of Financial Support (anticipated/ actual) USD 2.0M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) N/A

MFX

 

Date of public notification (dd/mm/yy)  17/02/2020 
Date of signing (dd/mm/yy) 21/12/2021
Country(ies) of OperationUnited States
DomicileUnited States
Principal Counterparty/ies  MFX Solutions, Inc. MFX Solutions, LLC
Project Name (if applicable)    N/A
Financing ServiceGuarantee/Collateral Facility and Revolving line of credit. 
General description of transaction    Guarantee/Collateral Facility and Revolving Line of Credit to assist the Company in providing hedging services to more clients,facilitate FX trading, and provide additional liquidity as needed.
Amount of Financial Support (anticipated/ actual) USD 50M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

DPI

Date of public notification (dd/mm/yy)  16/04/2020   
Date of signing (dd/mm/yy) 29/05/2020  
Country(ies) of OperationMultiple countries across Africa  
DomicileMauritius  
Principal Counterparty/ies  

ADP III GP Mauritius Limited (the "General Partner")

Development Partners International ("DPI" or the "Investment Advisor")

  
Project Name (if applicable)    African Development Partners III Mauritius L.P. ("ADP III")  
Financing ServiceFund Investment  
General description of transaction    ADP III is a private equity fund providing growth capital to support the expansion or private companies across Africa. The Fund has strong potential to provide positive environmental impact, local market development and contribute to women's economic empowerment to the investee companies  
Amount of Financial Support (anticipated/ actual) USD 20M  
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A  
Type of E&S Information Reviewed & Summary of Transaction Available Here  
Canadian Company Involved (if applicable) N/A  

CIFI

Date of public notification (dd/mm/yy)  06/05/2020 
Date of signing (dd/mm/yy) 06/07/2020
Country(ies) of OperationPanama
DomicilePanama
Principal Counterparty/ies  Corporación Interamericana para el Financiamiento de Infraestructura, S.A. ("CIFI")
Project Name (if applicable)    CIFI
Financing ServiceUnsecured Senior Debt
General description of transaction    Unsecured Senior Debt financing to finance green growth projects in Latin America and the Caribbean.
Amount of Financial Support (anticipated/ actual) USD 15M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Corporación Interamericana para el Financiamiento de Infraestructura, S.A. ("CIFI")
Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) N/A

LAAD

Date of public notification (dd/mm/yy)  07/05/2020 
Date of signing (dd/mm/yy) 16/07/2020
Country(ies) of OperationLatin America and The Caribbean
DomicileCuraçao
Principal Counterparty/ies  LAAD Americas N.V. 
Latin American Agribusiness Development Corporation S.A. 
Project Name (if applicable)    N/A
Financing ServiceLoan
General description of transaction    FinDev Canada seeks to provide LAAD Americas N.V. (“LAAD”) with a senior unsecured loan of up to US$20 million. The structure of the transaction is aligned with LAAD’s business model of providing medium-long-term financing to small and medium, privately-owned agribusiness companies that are export oriented.
Amount of Financial Support (anticipated/ actual) Up to USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    TBD
Type of E&S Information Reviewed & Summary of Transaction Available here 
Canadian Company Involved (if applicable) N/A

Banco Davivienda

Date of public notification (dd/mm/yy)  26/08/2020
Date of signing (dd/mm/yy) 14/01/2021
Country(ies) of OperationColombia
DomicileColombia
Principal Counterparty/ies  Banco Davivienda S.A. ("Davivienda")
Project Name (if applicable)    Davivienda
Financing ServiceUnsecured Subordinated Debt
General description of transaction    Unsecured subordinated debt financing to support Davivienda's further on-lending to small and medium-sized enterprises (SME) and low-income homebuyers in Colombia
Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Banco Davivienda S.A.
Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) N/A

Phatisa Food Fund

Date of public notification (dd/mm/yy)  16/09/2020
Date of signing (dd/mm/yy) 29/01/2021
Country(ies) of OperationMultiple countries across Africa
DomicileMauritius
Principal Counterparty/ies  Phatisa Fund Managers 2 Limited
(the “General Partner”, or “GP”); Phatisa Group Limited (“Phatisa”, the “General Manager”); Actif Africains Investment Limited
Project Name (if applicable)    Phatisa Food Fund 2 Parallel L.L.C (“PFF 2”)
Financing ServiceFund Investment
General description of transaction    PFF 2 is a pan-African private equity fund seeking to service the African consumer, mainly from the bottom of the pyramid, around a mandate to “feed Africa” with the expansion of local food production and distribution.
Amount of Financial Support (anticipated/ actual) USD 10M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here 
Canadian Company Involved (if applicable) N/A

Cooprogreso II

Date of public notification (dd/mm/yy)  02/11/2022
Date of signing (dd/mm/yy) 12/12/2022
Country(ies) of OperationEcuador
DomicileEcuador
Principal Counterparty/ies  Cooperativa de Ahorro y Crédito Cooprogreso Limitada ("Cooprogreso") 
Project Name (if applicable)    Cooprogreso
Financing ServiceSenior Unsecured Loan
General description of transaction    Senior unsecured loan to finance Cooprogreso's growth and to increase their financing to women microentrepreneurs, in partiular to the agriculture sector. 
Amount of Financial Support (anticipated/ actual) Up to US$ 16.5M, with US$ 6.5M from the 2X Canada Facility 
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

Cooperativa de Ahorro y Crédito Cooprogreso Limitada

Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

AVLA Peru Compañía de Seguros S.A.

Date of public notification (dd/mm/yy)  12/11/2020
Date of signing (dd/mm/yy) 18/03/2021
Country(ies) of OperationPeru
DomicilePeru
Principal Counterparty/ies  

Peru SME Debt I; UNO Capital Peru S.A.C. ("UNO"); AVLA Peru Cia. de Seguros S.A. ("AVLA Peru").

Project Name (if applicable)    N/A
Financing ServiceDebt
General description of transaction    

Debt to “Peru SME Debt I” financing small and medium sized enterprises in Peru originated by UNO Capital S.A.C. and guaranteed by AVLA Peru Compañía de Seguros. S.A..

Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here 
Canadian Company Involved (if applicable) N/A

Miro Forestry

Date of public notification (dd/mm/yy)  17/11/2020
Date of signing (dd/mm/yy) 14/01/2021
Country(ies) of OperationGhana and Sierre Leone
DomicileUnited Kingdom
Principal Counterparty/ies  Miro Forestry Developments Limited ("Miro")
Project Name (if applicable)    Miro Forestry
Financing ServiceEquity
General description of transaction    Equity investment to finance capital expenditures and expansion of operations, related to plantation expansion and wood processing manufacturing in Ghana and Sierra Leone. The transaction will be 2X eligible.
Amount of Financial Support (anticipated/ actual) USD 12M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

FEDECRÉDITO

Date of public notification (dd/mm/yy)  07/12/2020
Date of signing (dd/mm/yy) 27/08/2021
Country(ies) of OperationEl Salvador
DomicileEl Salvador
Principal Counterparty/ies  Federación de Cajas de Crédito y de Bancos de Los Trabajadores Sociedad Cooperativa De Responsabilidad Limitada De Capital Variable (“FEDECRÉDITO”)
Project Name (if applicable)    FEDECRÉDITO
Financing ServiceDebt
General description of transaction    Senior secured loan facility for FEDECRÉDITO to support the expansion of lending to Micro, Small and Medium Enterprises in El Salvador, with a minimum of 40% of the funds going to women-owned MSMEs through funds on-lent by FEDECRÉDITO to its members. 
Amount of Financial Support (anticipated/ actual) USD 10M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Federación de Cajas de Crédito y de Bancos de Los Trabajadores Sociedad Cooperativa De Responsabilidad Limitada De Capital Variable
Type of E&S Information Reviewed & Summary of Transaction Available here 
Canadian Company Involved (if applicable) N/A

ETG

Date of public notification (dd/mm/yy)  19/01/2021
Date of signing (dd/mm/yy) 02/03/2021
Country(ies) of OperationUAE (Borrower) - East Africa, West Africa, South Africa
DomicileUAE
Principal Counterparty/ies  AGRI Commodities & Finance FZ-LLC ("ACF");
ETC Group;
ETG Commodities Ltd;
Export Trading Commodities PTE Ltd.
Project Name (if applicable)    N/A
Financing ServiceDebt
General description of transaction    Unsecured term loan financing AGRI Commodities & Finance FZ-LLC's working capital needs in Sub-Saharan Africa. The loan is guaranteed by ETC Group, ETG Commodities Ltd and Export Trading Commodities PTE Ltd.
Amount of Financial Support (anticipated/ actual) USD 25M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

FinDev Canada classifies this transaction to be Category A which is defined by the IFC Performance Standards as business activities with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible, or unprecedented. Risks in this transaction are driven by ETG's sourcing of high-risk commodities in developing markets where there are known risks or child labour, forced labour, and adverse environmental impacts. 

Environmental and social due diligence is currently underway in accordance with FinDev Canada's Environmental & Social (E&S) Policy and will include a review of ETG's E&S risk management systems, practices within their operations and in their supply chains to ensure compliance with appropriate E&S benchmarks, including IFC Performance Standards.

Client Contact: Alok Mishra, Group Head-Sustainability
alok.mishra@etgworld.com 
M (India): +91 7710037481

 

View the Corporate Environmental & Social Management System here. 

Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) N/A

Cooperativa de Ahorro y Crédito Pacifico

Date of public notification (dd/mm/yy)  26/02/2021
Date of signing (dd/mm/yy) 01/06/2021
Country(ies) of OperationPeru
DomicilePeru
Principal Counterparty/ies  Cooperativa de Ahorro y Crédito Pacifico ("COOPAC")
Project Name (if applicable)    N/A
Financing ServiceDebt
General description of transaction    Unsecured senior term loan financing Copperative de Ahorro y Créditro Pacifico's small and medium sized enterprises lending activities growth in Peru. 
Amount of Financial Support (anticipated/ actual) USD 10M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
 
Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) N/A

JMMB Bank

Date of public notification (dd/mm/yy)  02/03/2021
Date of signing (dd/mm/yy) 30/12/2021
Country(ies) of OperationJamaica
DomicileJamaica
Principal Counterparty/ies  JMMB Bank (Jamaica) Limited ("JMMB"); JMMB Group Limited
Project Name (if applicable)    N/A
Financing ServiceDebt
General description of transaction    Unsecured senior term loan financing JMMB Bank (Jamaica) Limited's small and medium-sized enterprises lending activities growth in Jamaica. This transaction is guaranteed by JMMB Group Limited.
Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
 
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

DPI II

Date of public notification (dd/mm/yy)  30/04/2021   
Date of signing (dd/mm/yy) 30/06/2021  
Country(ies) of OperationMultiple countries across Africa  
DomicileMauritius  
Principal Counterparty/ies  

ADP III GP Mauritius Limited (the "General Partner")

 

Development Partners International ("DPI" or the "Investment Advisor")

  
Project Name (if applicable)    African Development Partners III Mauritius L.P. ("ADP III")  
Financing ServiceFund Investment  
General description of transaction    ADP III is a private equity fund providing growth capital to support the expansion or private companies across Africa. The Fund has strong potential to provide positive environmental impact, local market development and contribute to women's economic empowerment to the investee companies  
Amount of Financial Support (anticipated/ actual) FinDev Canada has a current commitment of US$ 20,000,000. We are proposing an additional investment of US$ 10,000,000, bringing the total commitment to US$ 30,000,000.  
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A  
Type of E&S Information Reviewed & Summary of Transaction All relevant information required to carry out the due diligence relevant to the investment. This included, but was not limited to, financial statements, fund model, financial assumptions, Limited Partnership Agreement, Private Placement Memorandum, Quarterly Investor reports, etc. 
ADP III is an investment fund with a mandate to provide growth capital to support the expansion of established and growing private companies across Africa with an emphasis on those targeting the emerging middle class. 
The Fund has strong potential to contribute to women's economic empowerment at the investee companies, provide local market development and provide positive environmental impact. 

Transaction Disclosure Summary available here.
  
Canadian Company Involved (if applicable) N/A  

Banco Sofisa

Date of public notification (dd/mm/yy)  28/05/2021
Date of signing (dd/mm/yy) 02/07/2021
Country(ies) of OperationBrazil
DomicileBrazil
Principal Counterparty/ies  Banco Sofisa S.A.
Project Name (if applicable)    N/A
Financing ServiceUnsecured Senior Debt
General description of transaction    Support the growth of Sofisa’s SME portfolio in Brazil and bring diversification to its funding sources. 30% of proceeds will be directed toward Women-owned/led SMEs
Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

TDB

Date of public notification (dd/mm/yy)  29/06/2021
Date of signing (dd/mm/yy) 3/11/2021
Member States Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Eswatini, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Seychelles, South Sudan, Somalia, Sudan, Tanzania, Uganda, Zimbabwe, Zambia
Domicile of Headquarters Mauritius & Burundi
Principal Counterparty/ies  Eastern and Southern African Trade and Development Bank
Project Name (if applicable)    TDB
Financing ServiceSenior unsecured loan
General description of transaction    Senior unsecured loan to support TDB's lending activities in Eastern and Southern Africa and bring diversification to its funding sources. The facility excludes any application of funding for companies, activities, or individuals subject to Sanctions among other exclusions.
Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

BNCR

Date of public notification (dd/mm/yy)  07/07/2021
Date of signing (dd/mm/yy) 04/02/2022
Country(ies) of OperationCosta Rica
DomicileCosta Rica
Principal Counterparty/ies  Banco Nacional de Costa Rica ("BNCR")
Project Name (if applicable)    BNCR
Financing ServiceDebt
General description of transaction    Social bond to BNCR to support the growth of its micro, small and medium-sized enterprises ("MSMEs") in Costa Rica, with a minimum of 40% of the funds going to women-owned MSMEs.
Amount of Financial Support (anticipated/ actual) USD 30M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Banco Nacional de Costa Rica
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

PC Capital

Date of public notification (dd/mm/yy)  14/07/2021
Date of signing (dd/mm/yy) 31/08/2021
Country(ies) of OperationMexico
DomicileCanada
Principal Counterparty/ies  PC Capital General Partner II, S.A.P.I. de CV. (the “General Partner”); PC Capital Fund Administration INC and  PC Capital Support S.C.  (together the “Investment Managers”)
Project Name (if applicable)    PC Capital Development II, L.P. (“PC Capital II”)
Financing ServiceFund Investment
General description of transaction    Equity investment into PC Capital II, a private equity fund providing growth capital to support small and medium sized enterprises operating primarily in Mexico.
Amount of Financial Support (anticipated/ actual) Up to USD 12.5M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
 
Canadian Company Involved (if applicable) N/A

ETI

Date of public notification (dd/mm/yy)  28/07/2021
Date of signing (dd/mm/yy) 23/12/2021
Country(ies) of OperationTogo
DomicileTogo
Principal Counterparty/ies  Ecobank Transnational Incorporated (ETI) 
Project Name (if applicable)    N/A
Financing ServiceDebt
General description of transaction    This transaction consists of a USD 20 million senior unsecured term loan to support the growth of ETI, the parent company of the Ecobank Group, the leading pan-African banking group, present in 35 countries across Sub-Subharan Africa.
Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

EEGF

Date of public notification (dd/mm/yy)  01/10/2021
Date of signing (dd/mm/yy) 28/12/2021
Country(ies) of OperationMultiple Countries in Sub-Saharan Africa
DomicileLuxembourg
Principal Counterparty/ies  Triple Jump B.V. ("Fund Manager"); Persistent Energy Capital ("Advisor").
Project Name (if applicable)    SDG Investment Fund S.A., SICAV-RAIF through its sub fund, the Energy Entrepreneurs Growth Fund ("EEGF")
Financing ServiceFund Investment
General description of transaction    Subscription for senior notes in EEGF, a fund focused on investing in the access to energy sector in Sub-Saharan Africa.
Amount of Financial Support (anticipated/ actual) Up to USD 13M inclusive of USD 5M junior notes on behalf of the 2X Canada: Inclusive economic recovery facility, an initiative funded by the Government of Canada through Global Affairs Canada .
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here 
 
Canadian Company Involved (if applicable) N/A

Banco Promerica de Costa Rica S.A.

Date of public notification (dd/mm/yy)  21/09/2021
Date of signing (dd/mm/yy) 26/11/2021
Country(ies) of OperationCosta Rica
DomicileCosta Rica
Principal Counterparty/ies  Banco Promerica de Costa Rica S.A.
Project Name (if applicable)    Promerica Costa Rica
Financing ServiceDebt
General description of transaction    Support the growth of Banco de Costa Rica’s lending activities to SMEs. In addition, at least 30% of the loan will support women-owned or led businesses as defined by the 2X Criteria, and 30% of the loan will support green projects.
Amount of Financial Support (anticipated/ actual) Up to USD 15M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

CASEIF IV

Date of public notification (dd/mm/yy)  29/09/2021
Date of signing (dd/mm/yy) 14/12/2021
Country(ies) of OperationCentral America, the Dominican Republic, and Colombia.
DomicileOntario, Canada
Principal Counterparty/ies  CASEIF IV L.P.
Project Name (if applicable)    CASEIF IV
Financing ServiceFund Investment
General description of transaction    CASEIF IV will provide growth capital and structured financing (mezzanine debt) to small and medium-sized companies with high growth potential in Central America, the Dominican Republic, and Colombia.
Amount of Financial Support (anticipated/ actual) Up to USD 8M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
 
Canadian Company Involved (if applicable) N/A

ETC Group I

Date of public notification (dd/mm/yy)  14/01/2022
Date of signing (dd/mm/yy) [TBD]
Country(ies) of OperationAfrica, Asia, Americas, Europe.
DomicileMauritius
Principal Counterparty/ies  Due to capital markets restrictions, limited disclosure is possible at this time.
Project Name (if applicable)    N/A
Financing ServiceDebt
General description of transaction    Potential participation alongside other investors and DFIs in a debt transaction in support of a leading agri-business company.
Amount of Financial Support (anticipated/ actual) Up to US$ 25M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    FinDev Canada classifies this transaction to be Category A which is defined by the IFC Performance Standards as business activities with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible, or unprecedented.
Environmental and social due diligence is currently underway in accordance with FinDev Canada’s Environmental & Social (E&S) Policy and will include a review of the company’s risk management systems, practices within their operations and in their supply chains to ensure compliance with appropriate E&S benchmarks, including the IFC Performance Standards.
Type of E&S Information Reviewed & Summary of Transaction Due to capital markets restrictions, limited disclosure is possible at this time.
Canadian Company Involved (if applicable) N/A

Locfund Next L.P.

Date of public notification (dd/mm/yy)  07/02/2022
Date of signing (dd/mm/yy) 10/06/2022
Country(ies) of OperationLatin America and the Caribbean
DomicileOntario, Canada
Principal Counterparty/ies  Bolivian Investment Management Ltd. (“BIM” or the “Manager”); BIM Microfinance NEXT LLC (“GP”)
Project Name (if applicable)    Locfund Next L.P.
Financing ServiceFund Investment
General description of transaction    Locfund Next is a permanent regional investment vehicle dedicated to providing local currency financing and supporting digital transformation to Tier 2 and Tier 3 micro finance institutions in Latin America and Caribbean.
Amount of Financial Support (anticipated/ actual) Up to USD 7.5M Senior Loan from FinDev Canada
&
Up to USD 7.5M Equity Investment from the 2X Canada: Inclusive Economic Recovery Facility, an initiative funded by the Government of Canada through Global Affairs Canada
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

Adenia Capital (V)

Date of public notification (dd/mm/yy)  14/06/2022
Date of signing (dd/mm/yy) 30/09/2022
Country(ies) of OperationMultiple countries across Africa
DomicileMauritius
Principal Counterparty/ies  Adenia Capital (V) L.P. (“AC V” or “the Fund”)
Project Name (if applicable)    Adenia Capital (V)
Financing ServiceFund Investment
General description of transaction    AC V will provide growth capital through making equity and quasi-equity investments primarily for control positions in medium-sized companies whose principal place of business are situated in or have substantial connections to Africa.
Amount of Financial Support (anticipated/ actual) Up to USD 30M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here 
Canadian Company Involved (if applicable) N/A

Banco de Occidente S.A.

Date of public notification (dd/mm/yy)  30/06/2022
Date of signing (dd/mm/yy) 23/11/2022
Country(ies) of OperationColombia
DomicileColombia
Principal Counterparty/ies  Banco de Occidente S.A.
Project Name (if applicable)    Banco de Occidente
Financing ServiceUnsecured Subordinated Debt
General description of transaction    Subordinated unsecured term loan to support Banco de Occidente's further on-lending to small and medium-sized enterprises (SMEs) in Colombia.
Amount of Financial Support (anticipated/ actual) Up to USD 30M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Banco de Occidente S.A.
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

Maranatha Energy Investment S.R.L.

Date of public notification (dd/mm/yy)  20/07/2022
Date of signing (dd/mm/yy) 09/05/2023
Country(ies) of OperationDominican Republic
DomicileDominican Republic
Principal Counterparty/ies  CO2glober A.G. and Romana Enterprise S.R.L (“Renter”)
Project Name (if applicable)    Maranatha Energy Investment S.R.L.
Financing ServiceDebt
General description of transaction    Maranatha Energy Investment S.R.L. is a special purposed vehicle domiciled in Dominican Republic that will construct and operate a ~24MW, two-phase photovoltaic plant in the Dominican Republic.
Amount of Financial Support (anticipated/ actual) Up to USD 18M Senior Loan from FinDev Canada
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

Paola Mora, E&S Leader

pm@co2glober.com

+41 71 571 89 23

 

See Environmental and Social Impact Assessment (DIA) here

Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

Miro Forestry Developments Limited

Date of public notification (dd/mm/yy)  01/09/2022
Date of signing (dd/mm/yy) 07/10/2022
Country(ies) of OperationGhana and Sierra Leone
DomicileUnited Kingdom
Principal Counterparty/ies  Miro Forestry Developments Limited ("Miro")
Project Name (if applicable)    Miro Forestry
Financing ServicePreferred Equity
General description of transaction    Preferred Equity investment to Miro to fund the development and expansion of its industrial wood processing factories in Ghana and Sierra Leone, as well as to continue the development and management of its forestry plantations. 
Amount of Financial Support (anticipated/ actual) Up to USD 6M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

N/A

Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

BOAD

Date of public notification (dd/mm/yy)  21/09/2022
Date of signing (dd/mm/yy) 02/12/2023
Country(ies) of OperationTogo
DomicileTogo
Principal Counterparty/ies  Banque Ouest Africaine de Developpement 
Project Name (if applicable)    BOAD
Financing ServiceDebt
General description of transaction    Debt facility to support BOAD's lending activities to the private sector, specifically small and medium-sized enterprises and agribusinesses in the West African Monetary Union. At least 30% of FinDev Canada's financing will be earmarked to support women owned or led enterprises. 
Amount of Financial Support (anticipated/ actual) Up to EUR 30M 
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

Eliane Kouassigan, Partnerships Manager 

ekouassigan@Boad.org

Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

Stanbic IBTC Bank Plc

Date of public notification (dd/mm/yy)  31/10/2022
Date of signing (dd/mm/yy) 16/01/2024
Country(ies) of OperationNigeria
DomicileNigeria
Principal Counterparty/ies  Stanbic IBTC Bank Plc
Project Name (if applicable)     
Financing ServiceSenior Unsecured Loan
General description of transaction    Senior unsecured loan to support Stanbic IBTC Bank Plc's lending activities in Nigeria. 
Amount of Financial Support (anticipated/ actual) Up to US$ 40M 
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

Stanbic IBTC Bank Plc

Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

ACA

Date of public notification (dd/mm/yy)  14/11/2022
Date of signing (dd/mm/yy) 24/02/2023
Country(ies) of OperationArgentina
DomicileArgentina
Principal Counterparty/ies  

Asociación de Cooperativas Argentinas Cooperativa Limitada ("the borrower")

Fisway S.A. ("the guarantor")

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. ("FMO")

Coöperatieve Rabobank U.A. ("Rabobank")

Project Name (if applicable)    Asociación de Cooperativas Argentinas Cooperativa Limitada 
Financing ServiceSenior Secured Loan
General description of transaction    Senior secured loan to Asociación de Cooperativas Argentinas Cooperativa Limitada which brings together 143 cooperatives to support the growth of over 43,000 farmers in Argentina. Loan proceeds will be used towards ongoing and planned capital expenditures and to support ACA's exporting activities. 
Amount of Financial Support (anticipated/ actual) Up to US$ 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

Asociación de Cooperativas Argentinas Cooperativa Limitada

Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

ETC Group II

Date of public notification (dd/mm/yy)  14/11/2022
Date of signing (dd/mm/yy) 28/12/2022
Country(ies) of OperationAfrica, Americas, Asia, Europe
DomicileMauritius
Principal Counterparty/ies  ETC Group Ltd ("ETC")
Project Name (if applicable)    ETC
Financing ServiceTerm Loan
General description of transaction    Up to USD 60M 5-year fully amortizing term loan to ETC Group. Proceeds will be used for general corporate purposes. 
Amount of Financial Support (anticipated/ actual) Up to USD 60M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

FinDev Canada classifies this transaction to be Category A which is defined by the IFC Performance Standards as business activities with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible, or unprecedented.

Environmental and social due diligence is currently underway in accordance with FinDev Canada's Environmental & Social (E&S) Policy, and will include a review of the company's risk management systems, practices within their operations and in their supply chains to ensure compliance with appropriate E&S benchmarks, including the IFC Performance Standards. 

Type of E&S Information Reviewed & Summary of Transaction Available here 
Canadian Company Involved (if applicable) N/A

Genneia S.A

Date of public notification (dd/mm/yy)  15/12/2022
Date of signing (dd/mm/yy) 17/02/2023
Country(ies) of OperationArgentina
DomicileArgentina
Principal Counterparty/ies  Genneia S.A ("Genneia")
Project Name (if applicable)    Tocota III, and La Elbita I & II
Financing ServiceSenior corporate loan
General description of transaction    Loan to Genneia to fund part of the development of two greenfield renewable energy projects in Argentina. The two projects are Tocota III, a 60MW solar farm and La Elbita I&II, a 100MW and 40MW wind farms. 
Amount of Financial Support (anticipated/ actual) Up to USD 40M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

 

Sofia Fernandez Madero

Environmental Analyst

Sofia.fernandez@genneia.com.ar

 

Carolina Langan

Head of Sustainability

Carolina.langan@genneia.com.ar

Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

Banco De Bogotá S.A.

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Banco De Bogotá S.A. (the “Bank” or the “Issuer”)
Date of public notification (dd/mm/yy)30/01/23
Signing date (dd/mm/yy)15/03/23
Location (i.e., country/ies) of of business operationsColombia
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Colombia
Type of financing productDebt
General description of transaction/project/ business activitySubscription to a subordinated Basel III Tier 2 compliant sustainable bond (the “Bond”) issued by Banco de Bogota S.A. The proceeds of the Bond will support the growth of the Bank’s green portfolio and social portfolio with a focus on Micro, Small and Medium-Sized Enterprises.
Amount and currency of financing product (i.e., expected or actual)Up to US$ 50M
Canadian company involved (yes/no)No

 

Post-signing Disclosures:

No.CategoryInformation
A.Transaction summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionAvailable here

AIIF4

Date of public notification (dd/mm/yy)  31/03/2023
Date of signing (dd/mm/yy) 19/05/2023
Country(ies) of OperationMultiple countries across Africa
DomicileSouth Africa
Principal Counterparty/ies  African Infrastructure Investment Fund 4 Partnership
Project Name (if applicable)    N/A
Financing ServiceFund Investment
General description of transaction    USD 26M equity participation in AIIF4, a fund that will make equity and equity-related investments across Africa in three key infrastructure themes: (1) digitization (2) energy transition (3) urbanization.
Amount of Financial Support (anticipated/ actual) Up to USD 26M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    

N/A

Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) N/A

Banco Bolivariano

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Banco Bolivariano C.A. (the “Bank” or the “Issuer”)
Date of public notification (dd/mm/yy)03/04/23
Signing date (dd/mm/yy)7/12/2023 
Location (i.e., country/ies) of of business operationsEcuador
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Ecuador
Type of financing productDebt
General description of transaction/project/ business activitySubscription to thematic “Blue” bonds issued by Banco Bolivariano (the “Bond”). The proceeds of the Bond will be used to finance the Issuer’s blue projects aiming to solve water-related challenges.
Amount and currency of financing product (i.e., expected or actual)Up to US$ 40M
Canadian company involved (yes/no)No

 

Post-signing Disclosures:

No.CategoryInformation
A.Transaction summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionAvailable here

M-KOPA III

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)M-KOPA Holdings Limited (“M-KOPA” or the “Company”)
Date of public notification (dd/mm/yy)19/05/23
Signing date (dd/mm/yy)10/07/2023
Location (i.e., country/ies) of of business operationsKenya, Uganda, Ghana, Nigeria
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)United Kingdom
Type of financing productEquity
General description of transaction/project/ business activitySubscription of up to US$ 20M in mandatory convertible notes issued by M-KOPA (“Convertible Notes”). The proceeds for the Convertible Notes will be used to support M-KOPA in executing on its expansion strategy.
Amount and currency of financing product (i.e., expected or actual)Up to US$ 20M
Canadian company involved (yes/no)No

 

Post-signing Disclosures:

No.CategoryInformation
A.Transaction summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionAvailable here

Darby International Capital

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)DIC LATIN AMERICAN FUND IV, L.P. (the “Fund”)
DIC LATIN AMERICAN FUND IV GP, LLC (the “General Partner”)
Darby International Capital LLC (the “Investment Advisor”)
Date of public notification (dd/mm/yy)03/08/2023
Signing date (dd/mm/yy)21/02/2024
Location (i.e., country/ies) of of business operationsMultiple countries in Latin America and the Caribbean
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Ontario, Canada
Delaware, USA
Type of Financing and Investment Activity Fund Investment
General description of transaction/project/ business activityUp to US$ 50M participation in Darby IV, a fund that will provide tailored long-term financial solutions to mid-size companies within LAC. The Fund is a climate focused fund, targeting 50% of invested capital towards climate mitigation and adaptation.
Amount and currency of financing product (i.e., expected or actual)Up to US$ 50M
Canadian company involved (yes/no)Yes, the Fund is domiciled in Canada
SectorFinancial Intermediary
Anticipated E&S risk categoryF1-2
Anticipated development impact priorities Climate Change Mitigation & Adaptation and Market Development

 

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionAvailable here
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)TBD

Surpapelcorp S.A.​ 

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)​​Productora Cartonera S.A. and Surpapelcorp S.A.​ 
Date of public notification (dd/mm/yy)24/11/2023
Signing date (dd/mm/yy)18/04/2024
Location (i.e., country/ies) of of business operations​​Ecuador​ 
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Guayaquil, Ecuador​
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activityUp to US$ 15M amortizing secured term loan to finance capex related to plant improvements, including the acquisition of additional machinery, and working capital requirements including the purchase of raw material inventory.  
Amount and currency of financing product (i.e., expected or actual)Up to ​USD​ 15M​ 
Canadian company involved (yes/no)​​Yes​. Cordiant Capital is domiciled in Canada. 
SectorOther
Anticipated E&S risk categoryB
Anticipated development impact priorities 

​​Economic Development​ 

​​Climate Change Mitigation and Adaptation​ 

 

Post-signing Disclosures:

 

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

FirstRand II

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)FirstRand Bank Limited
Date of public notification (dd/mm/yy)01/02/2024
Signing date (dd/mm/yy)28/06/2024
Location (i.e., country/ies) of of business operationsSouth Africa
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)South Africa
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activitySenior Unsecured Loan to support FirstRand Bank’s lending activities. 100% of the loan amount will be allocated towards uses eligible under the Green Bond categories of the Borrower’s sustainability framework. 
Amount and currency of financing product (i.e., expected or actual)Up to US$ 100 million
Canadian company involved (yes/no)N/A
SectorFinancial Institutions
Anticipated E&S risk categoryFI-2
Anticipated development impact priorities Climate Mitigation/Adaptation, Market Development

 

Post-signing Disclosures:

 

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionAvailable here
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

LAAD II

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)LAAD Americas N.V. 
Latin American Agribusiness Development Corporation S.A. 
Date of public notification (dd/mm/yy)24/03/2024
Signing date (dd/mm/yy)24/04/2024
Location (i.e., country/ies) of of business operationsLatin America and The Caribbean
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Curaçao, Delaware
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activityTo support the expansion and availability of agricultural financing in the LAC region. 
Amount and currency of financing product (i.e., expected or actual)US$ 40 M
Canadian company involved (yes/no)No
SectorFinancial Institutions
Anticipated E&S risk categoryFI-2
Anticipated development impact priorities Climate and Nature action, Market Development, Gender equality

 

Post-signing Disclosures:

 

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Gulf Renewable Energy Company Limited

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

Gulf Renewable Energy Company Limited (“GRE” or the “Borrower”)

 

Gulf Energy Development Public Company Limited (“GED”, or the “Guarantor”)

Date of public notification (dd/mm/yy)

03/05/2024

Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsThailand
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

Gulf Energy Development Public Company Limited: Bangkok, Thailand

 

Asian Development Bank (“ADB”, or the “Mandated Lead Arranger and Bookrunner”): Manila, Philippines

 

Type of Financing and Investment Activity Debt
General description of transaction/project/ business activity

This transaction consists of a US $75 M, three-year (extendable up to five years), senior unsecured corporate loan to Gulf Renewable Energy Company Limited with an irrevocable guarantee from Gulf Energy Development Public Company Limited. This Financing will support the development and construction of eight greenfield solar photovoltaic power plants and four solar photovoltaic plus battery energy storage system power plants in Thailand with a cumulative capacity of 649 MW.

Amount and currency of financing product (i.e., expected or actual)US$ 75 M
Canadian company involved (yes/no)No
Sector

Sustainable Infrastructure, Renewable Energy

Anticipated E&S risk categoryB
Anticipated development impact priorities Climate and Nature action, Market Development, Gender equality

 

Post-signing Disclosures:

 

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

BNCR II

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Banco Nacional de Costa Rica
Date of public notification (dd/mm/yy)

07/05/2024

Signing date (dd/mm/yy)15/07/2024
Location (i.e., country/ies) of of business operations Costa Rica
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Costa Rica
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activitySubscription to a subordinated Blue Bond issued by BNCR in a local private placement. These funds will be earmarked for funding sustainable development and business opportunities that positively impact the Blue Economy.
Amount and currency of financing product (i.e., expected or actual)Up to US$ 20 M
Canadian company involved (yes/no)No
Sector

Financial Institutions

Anticipated E&S risk categoryF1-2
Anticipated development impact priorities Climate and Nature action, Market Development

 

Post-signing Disclosures:

 

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Energía Turística S.A.

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

Energía Turística S.A.

 

InterEnergy Group Limited (Sponsor)

Date of public notification (dd/mm/yy)

16/05/2024

Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsDominican Republic
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

Energia Turistica S.A.                  Domicile: Dominican Republic                InterEnergy Group Limited      

Domicile: Guernsey

Type of Financing and Investment Activity Debt
General description of transaction/project/ business activitySenior limited recourse project financing to Energia Turistica S.A. for the development of a 78MW greenfield solar photovoltaic power plant with battery storage in Dominican Republic.
Amount and currency of financing product (i.e., expected or actual)US$ 32.5 M
Canadian company involved (yes/no)No
Sector

Sustainable Infrastructure

Anticipated E&S risk categoryB
Anticipated development impact priorities Climate and Nature action, Market Development

 

Post-signing Disclosures:

 

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

PCF III

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

PCF III (Cayman) L.P.

Portland Fund III GP, S.à.r.l (the “General Partner”

Portland Private Equity II, Ltd. (the “Barbados Advisor”)

PPEC, Inc. (the “Ontario Advisor”)

Date of public notification (dd/mm/yy)

29/05/2024

Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsMultiple countries in the Caribbean and Latin America
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Multiple countries in the Caribbean and Latin America
Type of Financing and Investment Activity 

Indirect Equity (funds)

General description of transaction/project/ business activityPortland is a 10-year generalist fund providing equity and quasi-equity capital to midsized companies located and operating primarily in the Caribbean.
Amount and currency of financing product (i.e., expected or actual)US$ 9 M
Canadian company involved (yes/no)

Yes
PPEC, Inc. is domiciled in Canada 

Sector

Financial Intermediary 

Anticipated E&S risk categoryFI-2
Anticipated development impact priorities Climate and Nature action, Market Development, Gender Equality
2X Canada Transactions
14  2X Canada Facility Involvement                                                               Yes                                                                                                                                                              
15Amount and currency of 2X Canada Facility commitment  

USD  6M

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionTBD
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)TBD

PRIF II

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

Pembani Remgro Infrastructure Fund II (“PRIF II”) 

 

Pembani Remgro GP II Proprietary Limited (the “General Partner”) 

 

Pembani Remgro Infrastructure Managers Proprietary Limited (the “Manager”) 

Date of public notification (dd/mm/yy)

14/06/2024

Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsSouth Africa
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)a) First Floor, Cedarwood House Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, Johannesburg, 2191, South Africa b) 32 Dorp Street, Stellenbosch, 7600, South Africa
Type of Financing and Investment Activity 

Fund investment

General description of transaction/project/ business activity

PRIF II is a 10-year infrastructure focused private equity fund supporting infrastructure projects primarily located in sub-Saharan Africa. 

Amount and currency of financing product (i.e., expected or actual)US up to $35M
Canadian company involved (yes/no)

No

Sector

Financial Intermediary 

Anticipated E&S risk categoryFI-2
Anticipated development impact priorities Climate and Nature action, Market Development, Gender Equality

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionTBD

Access Bank Plc

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Access Bank Plc
Date of public notification (dd/mm/yy)20/06/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsNigeria
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Nigeria
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activityUS$ 25M Senior Unsecured Loan to support the growth of Access Bank's MSME portfolio in Nigeria.
Amount and currency of financing product (i.e., expected or actual)USD​ 25M​ 
Canadian company involved (yes/no)No
SectorFinancial Intermediary
Anticipated E&S risk categoryFI-2
Anticipated development impact priorities 

​​Market Development

Gender Equality

Category A Transactions and FI-1 Transaction
17

a. Name of the project (if applicable)

b. Client contact information (project sponsor or other                relevant contact)

c. Link to E&S Impact Assessment (ESIA) or E&S Management System (ESMS) (if available).

N/A                                                                                                                                                              
   
2X Canada Transactions
18  2X Canada Facility Involvement                                                                                               No                                                                                                                                                              
19Amount and currency of 2X Canada Facility commitment  

N/A

 

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Genneia II

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

Genneia S.A.

Date of public notification (dd/mm/yy)20/06/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsArgentina
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Argentina
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activity

Up to US $40 M, ten-year senior corporate loan to Genneia S.A. to support development of two greenfield solar PV projects, Los Molles (93 MW) and Anchoris (180 MW) in Argentina. 

Amount and currency of financing product (i.e., expected or actual)USD​ 40M​ 
Canadian company involved (yes/no)No
SectorSustainable Infrastructure
Anticipated E&S risk categoryB
Anticipated development impact priorities 

​​Market Development

Gender Equality

Climate and Nature Action

2X Canada Transactions
18  2X Canada Facility Involvement                                                                                                                     No                                                                         
19Amount and currency of 2X Canada Facility commitment  

N/A

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Access Bank Plc II

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Access Bank Plc
Date of public notification (dd/mm/yy)19/06/2024
Signing date (dd/mm/yy)12/07/2024
Location (i.e., country/ies) of of business operationsNigeria
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Nigeria
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activity

Up to US$ 5OM Tier II Subordinated Loan to strengthen the capital base of the bank and support the growth of Access Bank's MSME portfolio and the financing of underserved MSMEs in Nigeria. 

Amount and currency of financing product (i.e., expected or actual)USD​ 50M​ 
Canadian company involved (yes/no)No
SectorFinancial Intermediary
Anticipated E&S risk categoryEI-2
Anticipated development impact priorities 

​​Market Development

Gender Equality

2X Canada Transactions
18  2X Canada Facility Involvement                                                                                               No                                                                                                                                                              
19Amount and currency of 2X Canada Facility commitment  

N/A

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionAvailable here
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

CRDB Bank Plc

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)CRDB Bank Plc
Date of public notification (dd/mm/yy)20/06/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsTanzania
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Tanzania
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activity

Up to US$ 60M Senior Unsecured Loan to support CRDB's sustainability related activities in Tanzania.

Amount and currency of financing product (i.e., expected or actual)Up to USD​ 60M​ 
Canadian company involved (yes/no)No
SectorFinancial Institution
Anticipated E&S risk categoryFI-2
Anticipated development impact priorities 

Climate Change Mitigation & Adaptation, Women-Owned Enterprises and Financial

Inclusion

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionComing soon!
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)TBD

ETC Group Ltd.

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)ETC Group Ltd.
Date of public notification (dd/mm/yy)04/09/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsAfrica, Asia, Americas and Europe
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Mauritius
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activityThis transaction is a senior unsecured term loan for up to $75M as part of a syndicated $500M Sustainability-Linked Loan (“SLL”) to ETG. Proceeds will be used for general corporate purposes.
Amount and currency of financing product (i.e., expected or actual)USD​ 75M​ 
Canadian company involved (yes/no)No
SectorAgribusiness
Anticipated E&S risk categoryA
Anticipated development impact priorities 

​​Market Development

Gender Equality

Climate and Nature Action

Category A Transactions and FI-1 Transaction
 

a. Name of the project (if applicable)

b. Client contact information (project sponsor or other relevant contact)

c. Link to E&S Impact Assessment (ESIA) or E&S Management System (ESMS) (if available).                                                                                                                                                                                                                                                                                                                                                                                                                                                                  

FinDev Canada classifies this transaction to be Category A which is defined by the IFC Performance Standards as business activities with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible, or unprecedented.   

 

Environmental and social due diligence is currently underway in accordance with FinDev Canada’s Environmental & Social (E&S) Policy, and will include a review of the company’s risk management systems, practices within their operations and in their supply chains to ensure compliance with appropriate E&S benchmarks, including the IFC Performance Standards.   

2X Canada Transactions
2X Canada Facility Involvement                                                                                               No                                                                                                                                                              
Amount and currency of 2X Canada Facility commitment  

N/A

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

EcoEnterprises Partners IV LP

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

EcoEnterprises Partners IV LP

EcoEnterprises Impact Partners, LLC (the “General Partner”)

EcoEnterprises Impact Management, LLC (the “Manager”)

Date of public notification (dd/mm/yy)09/09/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsLatin America
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)5614 Connecticut Avenue, NW #135, Washington, D.C. 20015 USA
Type of Financing and Investment Activity Indirect Equity (funds)
General description of transaction/project/ business activityEcoE IV is a 10-year limited partnership investing in businesses that directly protect and restore valuable ecosystems.
Amount and currency of financing product (i.e., expected or actual)

USD  Up to 7.5M

Canadian company involved (yes/no)No
SectorAgribusiness
Anticipated E&S risk category

FI-2

Anticipated development impact priorities 

​​Market Development

Gender Equality

Climate and Nature Action

2X Canada Transactions
2X Canada Facility Involvement                                                                                               Yes                                                                                                                                                              
Amount and currency of 2X Canada Facility commitment  

USD 7.5M

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Creador VI L.P.

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Creador VI L.P. 
Date of public notification (dd/mm/yy)01/10/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of of business operationsIndo-Pacific Region
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Mauritius
Type of Financing and Investment Activity Indirect Equity (funds)
General description of transaction/project/ business activityCreator VI is a 10-year equity fund that supports mid-market business in the Indo-Pacific Region
Amount and currency of financing product (i.e., expected or actual)

USD 40M

Canadian company involved (yes/no)Yes
SectorFinancial Intermediary
Anticipated E&S risk category

FI-2

Anticipated development impact priorities 

​​Market Development

Gender Equality

2X Canada Transactions
2X Canada Facility Involvement                                                                                               No                                                                                                                                                             
Amount and currency of 2X Canada Facility commitment  

N/A

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Ho Chi Minh City Development Joint Stock Commercial Bank

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Ho Chi Minh City Development Joint Stock Commercial Bank
Date of public notification (dd/mm/yy)15/11/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of business operationsVietnam
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Vietnam
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activityTo finance the bank's on-lending operations to women-owned enterprises, climate finance eligible projects, and agriculture loans to individuals and enterprises in Vietnam
Amount and currency of financing product (i.e., expected or actual)

Up to USD 75M

Canadian company involved (yes/no)No
SectorFinancial Intermediary
Anticipated E&S risk category

FI-1

Anticipated development impact priorities 

​​Market Development

Gender Equality

Climate and Nature Action

2X Canada Transactions
2X Canada Facility Involvement                                                                                               No                                                                                                                                                             
Amount and currency of 2X Canada Facility commitment  

N/A

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Amethis Fund III

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)

Amethis Fund III

Amethis Investment Fund Manager S.A.

Date of public notification (dd/mm/yy)28/11/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of business operationsAfrica
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Luxembourg
Type of Financing and Investment Activity Indirect Equity (funds)
General description of transaction/project/ business activityAmethis Fund III is a 10-year equity fund, investing in mid-sized scalable businesses operating in Africa. 
Amount and currency of financing product (i.e., expected or actual)

EUR  20M

Canadian company involved (yes/no)No
SectorOther
Anticipated E&S risk category

FI-2

Anticipated development impact priorities 

Gender Equality

​​Market Development

2X Canada Transactions
2X Canada Facility Involvement                                                                                               No                                                                                                                                                             
Amount and currency of 2X Canada Facility commitment  

N/A

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Vietnam Prosperity Joint Stock Commercial Bank

Pre-signing Disclosures:

Client name (including name of other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Vietnam Prosperity Joint Stock Commercial Bank
Date of public notification (dd/mm/yy)29/11/2024
Signing date (dd/mm/yy)TBD
Location (i.e., country/ies) of business operationsVietnam
Domicile (i.e., location of business organization/incorporation, including other relevant parties, such as project sponsor, fund manager/general partner, as applicable)Vietnam
Type of Financing and Investment Activity Debt
General description of transaction/project/ business activityTo finance the Bank's onlending activities to climate finance, women-owned enterprises and MSMEs.
Amount and currency of financing product (i.e., expected or actual)

Up to USD 75 million

Canadian company involved (yes/no)No
SectorFinancial Intermediary
Anticipated E&S risk category

FI-1

Anticipated development impact priorities 

Gender Equality

​​Market Development

Climate and Nature Action

2X Canada Transactions
2X Canada Facility Involvement                                                                                               No                                                                                                                                                             
Amount and currency of 2X Canada Facility commitment  

N/A

Post-signing Disclosures:

No.CategoryInformation
A.Transaction Disclosure Summary, outlining the E&S assessment, as well as the anticipated development impact of the TransactionCompleted by FinDev Canada, and reviewed by the Company prior to publication. 
B.Summary of ESAP (for Category A Transactions or FI-1 Transactions only) (if applicable)Completed by FinDev Canada, and included in the Transaction Disclosure Summary, reviewed by the Company prior to publication. 

Archived Transactions

Listed below are transactions in which we signed but are now closed (i.e. client repaid loan, equity stake was sold, etc.)

Cooprogreso

Date of public notification (dd/mm/yy)  24/10/2019  
Date of signing (dd/mm/yy) 02/12/2019
Country(ies) of OperationEcuador
DomicileEcuador
Principal Counterparty/ies  Cooperativa de Ahorro y Crédito Cooprogreso Limitada ("Cooprogreso") 
Project Name (if applicable)    Cooprogreso
Financing ServiceUnsecured Senior Debt
General description of transaction    Unsecured debt facility to finance Cooprogreso's growth in serving its cooperative members through microfinance, commercial and personal loans.
Amount of Financial Support (anticipated/ actual) USD 7.5M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Cooperativa de Ahorro y Crédito Cooprogreso Limitada
Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) N/A

Bancoldex

Date of public notification (dd/mm/yy)  11/06/2020 
Date of signing (dd/mm/yy) 13/11/2020
Country(ies) of OperationColombia
DomicileColombia
Principal Counterparty/ies  Banco de Comercio Exterior de Colombia, S.A. (“Bancoldex”)
Project Name (if applicable)    Bancoldex
Financing ServiceUnsecured Term Loan
General description of transaction    Unsecured Term Loan financing Bancoldex lending activities in Colombia in response to COVID-19.
Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    Banco de Comercio Exterior de Colombia, S.A.
Type of E&S Information Reviewed & Summary of Transaction Available here 
Canadian Company Involved (if applicable) N/A

Alianza del Valle

Date of public notification (dd/mm/yy)  23/02/2021
Date of signing (dd/mm/yy) 29/03/2021
Country(ies) of OperationEcuador
DomicileEcuador
Principal Counterparty/ies  Cooperativa de Ahorro y Crédito Alianza del Valle Limitada
Project Name (if applicable)    N/A
Financing ServiceDebt
General description of transaction    Unsecured debt facility to finance Alianza del Valle's operations growth in serving its members through microfinance and personal loans. 
Amount of Financial Support (anticipated/ actual) USD 7.5M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
 
Type of E&S Information Reviewed & Summary of Transaction Available Here 
Canadian Company Involved (if applicable) N/A

FirstRand

Date of public notification (dd/mm/yy)  02/07/2020
Date of signing (dd/mm/yy) 09/10/2020
Country(ies) of OperationSouth Africa
DomicileSouth Africa
Principal Counterparty/ies  FirstRand Bank Limited ("FirstRand")
Project Name (if applicable)    FirstRand
Financing ServiceSenior unsecured Loan
General description of transaction    Senior debt to support the growth of FirstRand's lending activities, with a minimum of 30% of the proceeds going towards clients who meet any of the direct criteria of the 2X Challenge.
Amount of Financial Support (anticipated/ actual) USD 20M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available Here
Canadian Company Involved (if applicable) N/A

Développement international Desjardins

Date of public notification (dd/mm/yy)  17/10/2019  
Date of signing (dd/mm/yy) 19/11/2019
Country(ies) of OperationCanada
DomicileCanada
Principal Counterparty/ies  Développement international Desjardins 
Project Name (if applicable)    N/A
Financing ServiceLoan facility
General description of transaction    Développement international Desjardins provides disadvantaged communities around the world with access to secure diversified financial services. This loan facility will support inclusive microfinance institutions in Colombia and Ecuador.
Amount of Financial Support (anticipated/ actual) USD 1.3M
Name of Project Sponsor Project Contact (with link to Environmental and Social Impact Assessment (ESIA)) --  if applicable    N/A
Type of E&S Information Reviewed & Summary of Transaction Available here
Canadian Company Involved (if applicable) Développement international Desjardins 

Summary of travel and hospitality expenses for the Chief Executive Officer and Board of Directors:

Chief Executive Officer

2019

2020

2021

2022

Board of Directors

2019

2020

2021

2022

Aggregate annual Corporate disclosure

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