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COOPMED

Signature(s)

Amount
€ 2,000,000
Sector(s)
Services : € 2,000,000
Signature date(s)
4/09/2015 : € 2,000,000
Link to source
Data sheet
COOPMED
Other links
Summary sheet
COOPMED

Summary sheet

Release date
5 March 2015
Status
Reference
Signed | 04/09/2015
20130555
Project name
Promoter - financial intermediary
COOPMED
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 2 million
EUR 10 million
Location
Sector(s)
Description
Objectives

Participation in a debt fund targeting cooperatives, responsible investments, environmental investments and microenterprises in the Mediterranean region. The operation will be undertaken under the impact investing envelope of the Femip Trust Fund.

CoopMed will provide stable long-term financing, mainly in the form of subordinated loans, to microfinance institutions (MFIs) and other financial intermediaries, with a view to strengthening their funding structure and encouraging them to expand their lending activity to the benefit of microenterprises, cooperatives, social economy enterprises, and economic initiatives led by NGOs.

Environmental aspects
Procurement

N/A

N/A

Comments

The transaction would be the second operation to be financed under the impact investing envelope of the Femip Trust Fund (FTF), a pilot project consisting of small private sector investments pursuing specific development, innovation and social objectives.

Link to source
Summary sheet
COOPMED
Other links
Data sheet
COOPMED

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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