Release date: 10 December 2015
Promoter – Financial Intermediary
Multiple IntermediariesLocation
Description
The facility will primarily provide a lending framework for local financial institutions with experience in agricultural lending. Technical assistance is envisaged to increase the agricultural lending capacity of financial intermediaries and support farmers in efficient and sustainable farm management and development including diversification of their income base.
Objectives
The overarching goal of the facility is poverty reduction, by strengthening the productivity and income base of smallholders who are the key engine of rural development. The development potential will be unlocked by (i) enhancing access to credits and (ii) promotion of sustainable agriculture and value addition. The ACP Smallholder Facility will also create valuable employment opportunities in many poor countries in Africa.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The promoter will be required to ensure compliance of their investment with the standards established in the EIB environmental and social handbook which is based on the principles of EU legislation as appropriated.
Procurement
They are not affected by the public procurement procedures as foreseen in the EIB's Guide for Procurement.
Status
Signed - 23/11/2017
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).