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    Reference: 20160466
    Release date: 22 June 2016

    Promoter – Financial Intermediary

    Microfinance service providers

    Location

    Description

    Framework credit line of up to EUR 50 m to provide medium to long-term funding to micro and small enterprises (MSEs) through selected financial intermediaries in West African countries

    Objectives

    This operation is expected to support private sector development by increasing financial inclusion and access to finance for MSEs. This will contribute to employment generation and poverty reduction.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 53 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 - 20/10/2017

    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

    Regional - West Africa Services