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    Reference: 20130555
    Release date: 5 March 2015

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    Participation in a debt fund targeting cooperatives, responsible investments, environmental investments and microenterprises in the Mediterranean region. The operation will be undertaken under the impact investing envelope of the Femip Trust Fund.

    Objectives

    CoopMed will provide stable long-term financing, mainly in the form of subordinated loans, to microfinance institutions (MFIs) and other financial intermediaries, with a view to strengthening their funding structure and encouraging them to expand their lending activity to the benefit of microenterprises, cooperatives, social economy enterprises, and economic initiatives led by NGOs.

    Comments

    The transaction would be the second operation to be financed under the impact investing envelope of the Femip Trust Fund (FTF), a pilot project consisting of small private sector investments pursuing specific development, innovation and social objectives.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 2 million

    Total cost (Approximate amount)

    EUR 10 million

    Environmental aspects

    N/A

    Procurement

    N/A

    Status

    Signed - 4/09/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Mediterranean Countries Services