Signature(s)
Amount
€ 3,000,000
Countries
Sector(s)
Morocco
: € 3,000,000
Credit lines
: € 3,000,000
Signature date(s)
1/07/2020 : € 3,000,000
Link to source
Data sheet
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Summary sheet
Release date
4 December 2019
Status
Reference
Approved | 13/01/2020
20170959
Project name
Promoter - financial intermediary
AL AMANA MICROCREDIT
ASSOCIATION AL AMANA POUR LA PROMOTION DES MICROENTREPRISES
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 3 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The EUR 3m loan operation will finance the portfolio of Al Amana Microcredit, the largest microfinance institution in Morocco, which provides economic and social development solutions focusing on financial inclusion for micro- entrepreneurs.
The project will provide access to finance for micro/small enterprises specifically targeting women, youth and the poorest people living in rural areas.
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
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News & Stories
Link to source
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