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Financed projects by regions

Financed projects by regions

Originally focused on the African, Caribbean and Pacific countries, our operations have been extended to Mediterranean Countries and Europe (including the EU and its neighbors).

Africa, the Caribbean and the Pacific

The ACP region accounts for the lion’s share of the EIB’s microfinance portfolio, and is steadily growing in its commitment in debt, equity and technical assistance grants.

48.1%

Percentage of the EIB’s microfinance portfolio set to the ACP region


EUR 468 MILLION

Amount committed in debt, equity and technical assistance grants to Microfinance Investment Vehicles (MIV), holdings and financial institutions in ACP




55

Number of MIVs, holdings and financial institutions benefiting from our microfinance investments in ACP regions since inception


EUR 37 MILLION

granted by the EIB for technical assistance programmes and studies to ACP microfinance projects since inception




Just over half of the ACP portfolio consists of investment in MIVs and holding companies creating greenfield microfinance institutions.

The balance of EIB’s microfinance portfolio consists of direct loans or equity participations in microfinance institutions or banks with a microfinance business line, with the largest country exposures in the Dominican Republic, Tanzania and Kenya.

For more information on the EIB’s microfinance programmes in the ACP region, please click here.

The Mediterranean Region

With the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) Trust Fund, the EIB has been active in the Middle East and North Africa (MENA) region since 2003 and is the third largest microfinance lender in the Mediterranean region.

For further information on Microfinance operations in Mediterranean partner countries, click here.

EUR 52.6 MILLION

Amount committed in direct local currency funding to institutions in Egypt, Jordan, Lebanon, Morocco, Palestine, Syria and Tunisia


10

Number of microfinance institutions and investment funds financed in the MENA region and serving over 1 million micro-entrepreneurs




Europe

The EIB

The EIB has provided to date EUR 210 Million through 3 initiatives: EFSE, the European Progress Microfinance Facility, and Microbank. In addition to investing EUR 100 Million in Progress (managed by EIF), the EIB was also one of the early investors in the European Fund for South East-Europe (EFSE), which fosters economic development in the Balkans. EFSE is labelled by Luxflag.

For further information on the EIB’s European investments, click here.


The EIF

In the EU, the European Investment Fund (EIF) has been involved in the microfinance sector since 2000. They help address the financing gap faced by micro-enterprises by providing funding (equity and loans), guarantees and technical assistance to a broad range of microfinance providers. These range from small non-bank financial institutions to well-established microfinance banks. They have developed expertise by managing specific initiatives on behalf of the European Commission and the EIB as well as by deploying their own financial resources. They for example provide guarantees for microfinance intermediaries through the CIP SMEG programme. Within Progress, the EIF helped microfinance institutions with technical assistance through Joint Action to Support Microfinance Institutions in Europe (Jasmine).

European Progress Microfinance Facility

Since May 2010, the EIF has managed the European Progress Microfinance Facility (Progress Microfinance), a flagship initiative funded by the European Commission and the EIB. Loans, equity and guarantees to European micro-enterprises are provided under this facility to a wide range of microfinance institutions (MFIs).

What is Progress microfinance?

Progress Microfinance offers micro-credit, typically very small loans or lease receivables below EUR 25,000, tailored to the needs of micro-enterprises. This includes enterprises in the social economy providing jobs for the socially excluded with limited access to the conventional credit market. MFIs are selected according to their product needs and their ability to benefit target groups such as ethnic minorities, youth, women and rural entrepreneurs.

For further information on the EIF’s management, click here.





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