EAC MICROFINANCE GLOBAL AUTHORISATION
- Reference: 20110217
- Release date: 08 February 2013
A number of financial intermediaries, including Co-operative Bank of Kenya Ltd, Faulu Kenya DTM, K-Rep Bank Kenya, DFCU Uganda and Centenary Rural Development Bank Uganda.
- East Africa
The purpose of the East Africa Community (EAC) Microfinance Global Authorisation is to establish a lending framework targeting financial intermediaries with a focus on micro entrepreneurs and small enterprises in rural and urban regions in EAC countries.
On-lending to micro- and small-enterprises for the purpose of productive financing. The EIB financing should be dedicated to fund working capital and investment capital needs of final beneficiaries.
- Services
EUR 50 million
Total cost (Approximate amount)EUR 100 million
Environmental aspectsFinal beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate. Intermediaries to ensure compliance with Client Protection Principles.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Signed - 08/02/2013.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
Eligible sectors include production, services, trade and agro-industry. Household needs and consumer loans (including salary loans) are not eligible.