AL MAJMOUA II

Promoter – Financial Intermediary

Al Majmoua

Location

• Lebanon

Description

USD denominated loan to Al Majmoua, a Lebanese microfinance association, for the financing of microcredits.

Objectives

Financing part of Al Majmoua's micorcredit activity over the next years, covering both the growth of the existing portfolio of clients as well as the launch of new products.

Comments

Second financing operation with Al Majmoua.

Sector(s)

• Services - Financial and insurance activities

Proposed EIB finance (Approximate amount)

EUR 4 million

Total cost (Approximate amount)

EUR 10 million

Environmental aspects

In line with EIB's requirements.

Procurement

N/A

Status

Signed - 19/12/2013