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Microfinance LOK Loan for SMEs

Summary sheet

Release date
20 April 2009
Status
Reference
Signed | 23/10/2009
20080677
Project name
Promoter - financial intermediary
Microfinance LOK Loan for SMEs
LOK Microcredit Foundation Sarajevo
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Projects undertaken by small and very small businesses, in the sectors of agriculture, trade, manufacturing, and services.

The loan is expected to provide finance at favourable conditions to small and micro-enterprises, thus supporting the development of the economy, contributing to job creation and poverty alleviation, both have high priority for BiH and the EU.

Environmental aspects
Procurement

The Bank will require that projects financed under the loan will be compliant with domestic and EU applicable legislation.

The Bank will require that projects financed under the loan will be compliant with domestic and EU applicable legislation.

Link to source
Summary sheet
Microfinance LOK Loan for SMEs

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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