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    Reference: 20160159
    Release date: 5 April 2016

    Promoter – Financial Intermediary

    FUNDAPEC

    Location

    Description

    Long-term loan to FUNDAPEC, an NGO providing student loans in the Dominican Republic

    Objectives

    Financing of higher education loans for students

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 5 million

    Total cost (Approximate amount)

    Not applicable.

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 22/05/2017

    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).

    Related tags

    Dominican Republic Education