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        MICROCRED IV

        Signature(s)

        Amount
        € 4,104,578.28
        Sector(s)
        Services : € 4,104,578.28
        Signature date(s)
        14/04/2016 : € 4,104,578.28

        Summary sheet

        Release date
        1 October 2015
        Status
        Reference
        Signed | 14/04/2016
        20150635
        Project name
        Promoter - financial intermediary
        MICROCRED IV
        Microcred SAS, a microfinance holding company incorporated in France.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 4 million
        EUR 24 million
        Location
        Sector(s)
        Description
        Objectives

        Participation in the next capital increase of Microcred

        The proposed operation will support the growth and development of Microcred's network of microfinance institution affiliates in particular in sub-Saharan Africa.

        Environmental aspects
        Procurement

        N/A

        N/A

        Related projects
        Parent project
        ACP & OCT GLOBAL AUTHORISATION VII

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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