Signature(s)
Amount
€ 50,000,000
Countries
Sector(s)
Seychelles
: € 10,000,000
Kingdom of Eswatini
: € 10,000,000
Credit lines
: € 50,000,000
Signature date(s)
24/09/2019 : € 3,500,000
10/09/2019 : € 10,000,000
14/11/2019 : € 10,000,000
18/12/2018 : € 12,500,000
15/12/2021 : € 14,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
5 December 2017
Status
Reference
Signed | 18/12/2018
20170481
Project name
Promoter - financial intermediary
SOUTHERN AFRICA AND INDIAN OCEAN SMERF
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
Not applicable.
Location
Sector(s)
Description
Objectives
The Small and Medium-sized Enterprise-focused Regional Facility (SMERF) is a regional credit facility for financial intermediaries to on-lend primarily to Small and Medium-sized Enterprise (SME) projects in the southern African and Indian Ocean regions (excluding South Africa).
The project will help finance projects carried out by small and medium-sized enterprises and other final beneficiaries.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Link to source
Summary sheet
Other links
Data sheet