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DBACD LOCAL CURRENCY LOAN

Signature(s)

Amount
€ 2,000,000
Countries
Sector(s)
Egypt : € 2,000,000
Services : € 2,000,000
Signature date(s)
4/08/2009 : € 2,000,000
Link to source
Data sheet
DBACD LOCAL CURRENCY LOAN
Other links
Summary sheet
DBACD Local Currency Loan - Egypt

Summary sheet

Release date
9 June 2009
Status
Reference
Signed | 04/08/2009
20090219
Project name
Promoter - financial intermediary
DBACD Local Currency Loan - Egypt

Dakahlya Businessmen’s Association for Community Development.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Contract amount of up to the EGP equivalent of EUR 2 million.
Up to 50% of funding needs over the next 2 years.
Location
Sector(s)
Description
Objectives

A local currency loan under global authorisation to a microfinance institution based in the Dakahlya region of Lower Egypt.

Proceeds from the loan will be used to extend credit to small and micro-enterprises in the Dakahlya Governorate of Lower Egypt, both in the form of individual loans and group loans.

Environmental aspects
Procurement

Not applicable (intermediated private sector investment).

Not applicable (private sector investment).

Link to source
Summary sheet
DBACD Local Currency Loan - Egypt
Other links
Data sheet
DBACD LOCAL CURRENCY LOAN

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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