Übersicht
The project consists of a Multiple Beneficiary Intermediated Loan (MBIL) provided to Corporación Nacional de Finanzas Populares y Solidarias (CONAFIPS), a public financial corporation operating in Ecuador as a second-tier bank. This marks the first operation under the DESIREE programme in Ecuador.
The aim is to promote financial inclusion in Ecuador. CONAFIPS will finance energy efficiency and gender-focused projects, as well as other economic activities like agriculture, industry, and individual entrepreneurship by vulnerable groups.
The Financial Intermediary has to ensure that the project complies with the EIB's Environmental and Social Standards.
The Financial Intermediary has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.
Under EFSD+ Guarantee