devinitorg/iati-policy-markers huggingface dataset:
Tecnofil S.A. With total estimated assets of US$24 million and net sales of approximately US$30 million for FY2000, Tecnofil is one of Perus most important producers of copper and copper alloy semi-finished and finished products (electrical bars, connection flats, wire, hardware "nuts and bolts" type of products, solder, copper sulfate for the mining and fertilizer industries).  The company started operations in 1975 and in the past four years has modernized its operations and significantly increased its exports.  The company would like to obtain IFC financing to fund: (i) an expansion in its production capacity; (ii) the continuation of the implementation of modern technology to their production processes; and (iii) the refinancing of short term debt.     The project will increase their production capacity by approximately 50% from around 15,000 to around 23,000 tpa.  This will be very beneficial for operating costs, as the project will enjoy economies of scale, and production campaigns will be longer and more cost-effective.  More importantly, Tecnofil will switch completely to a modern ''continuous casting'' technology thereby increasing the company''s efficiency.    Tecnofil needs the new technology to continue their modernization and maintain their growth pace, be able to compete internationally and comply with more demanding quality requirements from more sophisticated clients.    IFC will play an important role in this project by:   -   Providing access to long term funds   : The current political crisis has affected the Peruvian economy and to a large extent its financial sector.  Given the characteristics of the project and the fact that high capital investments are inherent to the industry, the project requires long term funding currently unavailable in the local market.   -   Increasing the companys financial viability   : As a result of the project, the company will be able to access new markets, compete internationally with multinational enterprises and increase profitability.    With the support from its sponsors and proactive management skills, the company has been able to turnaround its operation and financial viability including the establishment of long term contracts that assure higher sales.  However, the inability to obtain adequate financing has prevented them from undertaking the proposed expansion and has increased the threat of losing the position they have built up in their markets, something that can be resolved with an investment by the IFC.     Development Impact:    -IFC''s investment will create a "demonstration effect" to highlight attractive investment opportunities that will foster growth in Peru.   -Tecnofils exports will provide the country valuable access to foreign exchange.  At project completion the company would be exporting approximately US$50 million annually.   -Tecnofil is one of the few companies that adds value to the copper mined in Peru through further processing.  This type of value-added work allows Peru to generate higher income from its natural resources.
ISA Peru, S.A. The project company, ISA Peru, was incorporated in May 2001.  ISA Colombia, both directly and through its majority ownership of Transelca, S.A. ESP, owns the majority of the shares of ISA Peru.  ETECEN, one of Peru''s national transmission companies, is a minority shareholder.    The project consists of the engineering, construction, ownership and operation of two high-voltage transmission lines in central Peru under a concession awarded through an international tender in February 2001. The venture is part of the government of Peru''s broader program to expand electricity transmission access, improve the national grid''s stability and overall reliability, and to evacuate power from a new generation facility. Specifically, the project will:      link Pucallpa, Peru''s most important town in the Amazon region with a population of about 240,000 people, to the national power grid, thus displacing currently utilized more expensive thermal generation,   complete an alternative route for transmitting electricity to Lima and its surrounding areas, reducing technical losses and improving the overall reliability of the national grid system,   reinforce power supply to mining centers in central Peru, where demand for power is growing as a result of new mining projects being developed,   evacuate power from the Yuncan hydroelectic power plant, a 160 MW generation facility expected to commence operations in late 2002; and   provide the base for the planned expansion of the national interconnected system to the north, thus allowing the grid to reach a larger proportion of Peru''s population and eventual interconnection with Ecuador.      The government of Peru has only recently begun to privatize transmission assets.  IFC''s support is particularly important to demonstrate that these types of projects can be financed on a project finance basis, a development which has yet to be realized in Peru.  Additionally, infrastructure projects require long-term financing.  IFC''s presence in this financing will provide comfort to other investors and potential lenders, facilitating the provision of long-term financing at a time when such financing is not easily accessible.
BIF III Project The proposed investment consists of a debt package of up to US$65 million to Banco Interamericano de Finanzas (BanBif or the Bank), comprising an IFC A Loan of up to US$15 million and a B Loan package for the balance. The B Loans are expected to be funded mainly by commercial banks.  The proposed project is expected to help BanBif continue accelerating the growth of its SME portfolio, access longer term financing.  It will also help the Bank diversify its funding sources by opening up new relationships with international commercial banks. - Without the Project, it would be much harder for BanBif to raise the amount of medium-term funding it is seeking from diversified sources and at competitive market conditions.  If fully deployed, the loan could help make financing available for over 3,000 SME loans during the life of the project.   - The income derived from the financing activity made possible by the investment would be widely distributed helping reduce the income gap prevailing in Peru.
BBVA Peru Green The proposed investment consists of an unsecured senior loan of up to US$60 million to BBVA Peru (the Bank), a subsidiary of the Spanish banking group BBVA (the Group). The purpose of the proposed investment is to support the Banks efforts to jump-start and strengthen the green building finance market in Peru. The project is expected to be supported by the Market Accelerator for Green Construction (IFC-MAGC) as described in the Blended Finance Section. IFC's long-term financing is expected to jump-start an underdeveloped green building finance market by incentivizing supply and demand. Furthermore, the transaction will alleviate the impact of climate change from buildings by strengthening the Banks' ability to structure green building financing following international best practices.

Beyond the project-level impact, IFC anticipates that the project will promote competitiveness in the financial and real estate markets. In addition, given the relatively underdeveloped state of the climate finance market in Peru, IFC's engagement will build capacity and set standards, using tools to assess eligibility and track environmental impact.
LPV Equity Project La Positiva Vida Seguros y Reaseguros (LPV or the Company) is Perus 5th largest life insurance company. The Company was founded in 2005 as a spin-off La Positiva Seguros y Reaseguros (LP) which holds an 89.5% equity stake.  LPV product offering includes annuities, retirement pension insurance, occupational life & disability insurance, mortgage life insurance and family protection insurance. The Company has focused in the B, C, and D segments of the population and has a particularly strong presence outside the capital city of Lima.  The proposed project consists of an equity investment in La Positiva Vida to facilitate the Companys expansion of its insurance business. IFC''s participation in La Positiva Vida is expected to increase the availability of life insurance products in Peru, a country which presents one of the lowest insurance penetrations in the continent.  Given the Group''s target market, IFC''s investment would help increase access to insurance protection for the lower segments of the population.
EDYFICAR Project EDYFICAR (or the company) is a microfinance institution that provides basic credit services to low-income populations in Peru. It serves approximately 32,000 clients, of whom approximately 50% are women, 25% live in rural and semi-rural areas, and about 30% live below the countrys poverty line. Its main product lines are working capital loans, business improvement loans, and a relatively modest portfolio of housing loans. EDYFICAR, which is constituted as a private stock company, obtained a limited banking licenses in 1998 from the Peruvian Superintendency of Banking and Insurance. It operates 18 branches in various regions of Peru.

The purpose of IFCs financing is to support the continued expansion of EDYFICARs loan program to low-income microentrepreneurs throughout Peru. In addition to allowing an expansion of EDYFICARs loan program, IFCs financing will enable the institution to diversify its funding sources and provide a greater range of medium-term loan products, something greatly demanded among the clients served by EDYFICAR.
Mibanco BOW The proposed investment consists of a senior loan to Mibanco, Banco de la Microempresa S.A. (Mibanco or the Bank). The purpose of the investment is to diversify Mibancos funding base to support its lending portfolio to both formal and informal women-owned small and medium enterprises (WSMEs) (the Project). The most significant, expected Project-level outcome is improved access to and quality of finance for WSMEs in underserved regions of Peru. Beyond the Project-level impact, IFC anticipates that the Project is expected to further contribute to market creation through improved market inclusiveness via both the demonstration and replication and the capacity building channels.
Interseguro Compania de Seguros de Vida S.A. The project is to invest up to US$4 million in equity for up to 15% of Interseguro.  Interseguro was founded in 1998 as an initiative of Interbank Group to take advantage of the high growth expected in the life insurance business in Peru.     As with all relatively new and growing life companies, Interseguro is posting net losses as it builds technical reserves against its portfolio of policy liabilities.  IFC''s investment will provide additional capital to support Interseguro through this critical growth stage.  It is an opportunity for IFC to provide continued support to private pension reform and contractual savings as Interseguro provides the "next step" (through its annuity product) for members of the private pension plans as they retire.  It will also be an opportunity for IFC to support greater corporate governance through its possible participation on Interseguro''s Board.
Fin Crear Loan The proposed transaction aims to support Financiera Creditos Arequipa S.A. (Crear or the Company), a strong microfinance provider in Peru, through a syndicated transaction which would facilitate resources for the Companys micro and small enterprise (MSE) portfolio expansion (the Project). Crear was recently acquired by Banco Compartamos S.A. (Compartamos), a strategic IFC partner whose core mission is to promote financial inclusion and increase access to financial services to MSEs in Mexico and is currently implementing a regional expansion strategy.    Financiera Crear is an Empresa Financiera which provides micro loans averaging $1,500 in size to micro entrepreneurs in the city of Lima and the South of Peru, primarily around Arequipa. Financiera Crear, which was incorporated as Edpyme in 1998, was transformed into Empresa Financiera in 2010. As of December 2010, Financiera Crear held a 4.1% market share in terms of MSE clients. The development impact of the Project is expected to be high, as it will enhance the ability of Financiera Crear to support productive micro, small and medium enterprises which will in turn stimulate growth, employment generation and poverty reduction.  In addition, Financiera Crear will be able to increase its outreach and sustainability incorporating thousands of new entrepreneurs to the formal financial sector.
Continental III IFC is considering supporting the portfolio growth of BBVA Banco Continental (the Bank or Continental)  through (i) a US$75 million non-revolving credit line, and (ii) up to US$100 million non-revolving syndicated credit line subject to market conditions  The proceeds from this facility will be used mainly to support the Banks growth in renewable energy projects, mortgages, and other medium-term needs. (i) Expand access to housing finance, while stimulating demand for labor, materials and other supplies for the housing industry; and (ii) indirectly support the construction and development of small hydropower plants, which will increase the availability of clean energy in the country;
America Leasing The proposed project involves establishing a long term relationship with America Leasing (AL or the company), Perus second largest specialized leasing company which targets specifically micro, small and medium enterprises (MSMEs), which are usually underserved by the large banks. The project would help AL fund its MSME portfolio growth, diversify its financing sources and strengthen its presence in the MSME segment.  To achieve these objectives, IFC would be providing a $10 million long term loan and a technical assistance program.

AL is a specialized leasing company supervised by the Peruvian Superintendent of Banks and Insurance companies.  It started its operations in 1995, and currently operates as a leasing company offering finance leases. AL is the largest Peruvian specialized leasing company which is not part of a banking group.

As of December 2006, the company held a 6.5% market share of the Peruvian leasing market, measured by portfolio amount, and a 14.1% market share, if measured by number of contracts under administration. ALs is primarily involved in the transportation, industrial and commercial segments of the leasing market, which together represent 60% of the companys leasing portfolio.  

The low average lease amount reflects the fact that ALs target segments are small and medium enterprises.  In fact, as of December 2006, 91% of ALs leasing portfolio was in companies with less than $21 million in annual sales; the average size of ALs contracts is $67,700, against $149,800 for the overall leasing market. By supporting a well-run and reputable independent specialized leasing company, IFC will improve the competitive landscape for such niche player and will help to improve its overall access to capital. The project is expected to have a strong developmental impact in the following areas:

- it will enhance ALs ability to support the SME segment contributing to deepen the access to financial services in Perú for small and medium enterprises, usually underserved by large commercial banks;
- it will improve the financial fundamentals of the company by allowing it to access long term financing and  diversifying funding sources.
Peru OEH II Peru Orient Express Hotels (POEH or the company), an existing IFC client, has approached IFC to provide an A Loan (IFC Loan) of up to $13.0 million to help the company:  - undertake a refurbishment of two of its properties in Peru, the Nazarenas Convent in Cusco and the El Parador del Colca Lodge in the Colca Valley; and  - refinance existing loans (the refinancing, and together with the refurbishment, the project, for a total of $29 million).  The company presently operates the 32-room Machu Picchu Sanctuary Lodge, the 123-room Hotel Monasterio in the city of Cusco and the 7-room El Parador del Colca lodge in the Colca Valley.  - Nazarenas Convent  POEH has a concession agreement in place to operate the 17th century Nazarenas Convent. As a part of the project, the property will be transformed into a 55-room all-suite hotel.     - El Parador del Colca  This seven (7) room lodge will be refurbished and expanded into a 20-room property and branded and marketed as an Orient Express Hotel property. The Colca Lodge is located in the Colca Valley, which is one of the most scenic regions in Peru. The proposed project will continue to contribute to Perus tourism infrastructure, raise the level of competition and service standards, and improve the offerings to meet the evolving tourism demand. The project will introduce higher end tourists to a new region of Peru in line with the Government of Perus initiative to bring high-end tourism to all regions of Peru. In doing so, it will create additional jobs both directly and indirectly and also increase linkages with other industry sectors such as building materials, agriculture, textiles, handicrafts and food processing.  Higher spend tourists can optimize the economic impacts of the industry by generating more jobs, foreign exchange and higher tax revenue per tourist, while minimizing the potential negative impacts associated with overdevelopment, particularly in fragile environments.
TIM Peru S.A.C. The project consists of the expansion and upgrade of TIM Perus cellular network, the third largest in the country, to increase capacity and population coverage, improve quality and reliability, and offer more value added services.  The company acquired its mobile license in May 2000 through a competitive bidding process and launched initial service in January 2001.  As of end-August 2002, TIM Peru had over 300,000 subscribers.    TIM Peru intends to expand the availability of mobile services to a larger part of the population, particularly through the aggressive use of prepaid services, which are typically more affordable.  Further, the increase in mobile penetration resulting from the expansion of a third operator will foster greater competition in the Peruvian telecommunications sector, thereby increasing access to reliable and affordable telecommunications and other value added services.    IFCs role is to provide long-term financing to the company at a time when financing flows to telecommunications companies in emerging markets have receded due to a global downturn in the sector.
Alicorp S.A. Summary Of Project Information (SPI)       Project Name:    Peru: Alicorp S.A.      Region:Latin America and Caribbean   Sector:Food and Agribusiness   Project No:009180   Projected Board Date:April 30, 1999   Company Name:Alicorp S.A.   Technical Partner and/or Major Shareholders    	Alicorp is controlled by the Romero group, Peru''s largest private sector group with additional important interests in the Peruvian banking sector. Additional shareholders include the Nicolini group, JP Morgan and Alicorp employees.    Project Cost Including proposed IFC investment    	Project Cost:  US$ 130 million, including some US$ 50 million in debt refinancings. IFC''s Proposed Investment:  US$ 70 million, including a "B" loan from participating banks of up to US$ 30 million, A loan of US$ 20 million and equity of US$ 20 million.    Location of project and Description of site    	At industrial sites owned and operated by Alicorp in Lima, Arequipa and Piura    Description of Company and Purpose of Project    Alicorp is Peru''s leading food company and the market leader in edible oils, wheat flour, pastas, laundry soaps, packaged rice and cookies and crackers.    Environmental Category and Issues    	This is a category B project according to IFC''s environmental review procedure because specific impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria.  Key environmental,  social, occupational health and safety issues which were of potential concern in this project include:  compliance with relevant national and World Bank Group requirements for existing facilities, wastewater treatment,  air emissions, solid waste management, management and storage of hazardous materials, occupational health and safety, corporate environmental management capacity.     Existing operations are in compliance with national and World Bank Group (WBG) requirements with the exception of waste water discharge from the two vegetable oil sites.  These failings will be addressed during the project and will allow the company to be fully in compliance by the end of the project. As part of the project, the company will implement an Environmental Management System (EMS) based on World Bank Group requirements throughout the company.        Date SPI sent to InfoShop:    March 22, 1999      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Grupo Salud The project involves the construction of a new 140-bed hospital in Lima, Clinica Delgado. The hospital will have strong oncology and cardiology operations and will be a referral center for a network of clinics, which are expected to be built in the medium and longer term in the outskirts and outside of Lima. Clinica Delgado will be the first in the country to have a partnership with an international operator, American Hospital Management Company (AHMC). Additionally, this new hospital will create vertical integration for its sponsor, Grupo Salud, which currently has an oncology insurance operation (Oncosalud) and is also involved in a PPP with ESSALUD (local administrator of Social Security) for the construction/operation of a an outpatient facility (known as Torre Trecca).

The project fits with IFCs strategy to support the healthcare sector in the region, including investments in Peru. The rationale for pursuing this investment is based on (a) presence of a reputable fund Sponsor, in which IFC has committed an investment, (b) the projects goal of creating a center of excellence in Lima, offering high quality services, (c) the Sponsors medium term goal of expanding in middle income regions outside of Lima, and (d) the opportunity to strengthen IFCs health and education presence in Peru, which historically has been a difficult market to enter and where private health offer is poor and the population is underserved. (i) Creation of high quality health services provider as a center of excellence in Peru ; (ii) Demonstration effect on viability of private health care institutions; (iii) Provision of services to middle and lower income patients through PPP facility (Trecca) which will benefit from the flagship hospital within the group, despite not being financed by IFC