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ACAD MICROFINANCE PALESTINE

Signature(s)

Amount
€ 755,572.35
Countries
Sector(s)
Palestine* : € 755,572.35
Services : € 755,572.35
Signature date(s)
11/09/2013 : € 755,572.35
Link to source
Data sheet
ACAD MICROFINANCE PALESTINE
Other links
Summary sheet
ACAD MICROFINANCE PALESTINE
Related press
Palestine: EIB supports microfinance

Summary sheet

Release date
10 April 2013
Status
Reference
Signed | 11/09/2013
20130034
Project name
Promoter - financial intermediary
ACAD MICROFINANCE PALESTINE
ACAD (Arab Center for Agricultural Development)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 1 million
EUR 11 million
Location
Sector(s)
Description
Objectives

Participation in a Palestinian microfinance organisation: transformation of an existing association into a sustainable financial company.

The project consists of backing ACAD in the transformation process from an association to a sustainable financial company, with a wide scope of providing credit to farmers as well as to other micro-entrepreneurs.

Environmental aspects
Procurement

In line with EIB's requirements.

NA

Link to source
Summary sheet
ACAD MICROFINANCE PALESTINE
Other links
Data sheet
ACAD MICROFINANCE PALESTINE
Related press
Palestine: EIB supports microfinance

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).

News & Stories

Link to source
Related press
Palestine: EIB supports microfinance
Other links
Data sheet
ACAD MICROFINANCE PALESTINE
Summary sheet
ACAD MICROFINANCE PALESTINE

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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