Al Majmoua – Loan for Microfinance

Promoter – Financial Intermediary

Sponsor: The Lebanese Association for Development – Al Majmoua

Location

• Lebanon

Description

A USD denominated loan under global authorisation to a Lebanese microfinance institution.

Objectives

Proceeds from the loan will be used to extend credit to small and micro-enterprises across Lebanon, both in the form of individual loans and group loans.

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

Up to the USD equivalent of EUR 2 million.

Total cost (Approximate amount)

Not applicable

Environmental aspects

N/A (intermediated private sector investment).

Procurement

N/A (private sector investment).

Status

Under appraisal - 7/05/2010