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ERI MICROFINANCE FACILITY

Summary sheet

Release date
16 January 2020
Status
Reference
Approved | 18/09/2018
20180279
Project name
Promoter - financial intermediary
ERI MICROFINANCE FACILITY
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
not applicable
Location
Sector(s)
Description
Objectives

The project consists of a framework envelope under the Economic Resilience Initiative (ERI) Building Block 3b for Microfinance of up to EUR 70m (100% Donor funded) to provide medium term funding in the form of senior debt in local currency to micro, small and medium sized enterprises (SMEs) through selected intermediaries in the Southern Neighbourhood and the Western Balkans.

The operation will enable financing small/medium projects carried out by micro and SMEs in the Southern Neighbourhood and Western Balkans.

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.

Related projects
Related sub-project
ENDA TAMWEEL
Link to source
Summary sheet
ERI MICROFINANCE FACILITY

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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