Signature(s)
Amount
€ 100,000,000
Countries
Sector(s)
Spain
: € 100,000,000
Credit lines
: € 100,000,000
Signature date(s)
6/05/2024 : € 100,000,000
Link to source
Other links
Summary sheet
Release date
10 June 2024
Status
Reference
Signed | 06/05/2024
20190793
Project name
Promoter - financial intermediary
MICROBANK LOAN FOR MICROFINANCE INITIATIVES IV
NUEVO MICRO BANK SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The operation will finance through MicroBank, the social bank of CaixaBank Group, small and medium sized enterprises (SMEs), start-ups and self-employed people in Spain and other EU countries. ,
The aim is to support those people whose financial needs are not adequately covered by the traditional banking system and help them to start up or expand their businesses. The ultimate scope is to promote employment, especially among young people.
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.
Milestone
Under appraisal
Approved
Signed
23 September 2020
6 May 2024
Link to source
Summary sheet
Other links