Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 7,000,000
    Countries
    Sector(s)
    Dominican Republic : € 7,000,000
    Credit lines : € 7,000,000
    Signature date(s)
    1/11/2010 : € 7,000,000
    Link to source

    Summary sheet

    Release date
    2 February 2010
    Status
    Reference
    Signed | 01/11/2010
    20100044
    Project name
    Promoter - financial intermediary
    Ademi Rural Microfinance

    Banco ADEMI
    Contact: Mrs. Ramona Rivas, Finance VP

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Local currency financing in Dominican Pesos for the equivalent of EUR 5 million.
    Not applicable.
    Description
    Objectives

    Line of credit to provide financing to micro, small and medium-sized enterprises in rural areas in the Dominican Republic.

    Financing of investments of micro, small and medium scale supporting the growth and development of rural enterprises, mainly in the agro-fishery sector, thereby contributing to rural employment, economic growth and diversification.

    Environmental aspects
    Procurement

    The promoter will ensure that the projects to be financed will comply with the EIB’s environmental standards. The promoter’s appraisal processes include an environmental review to verify that the projects are in compliance with the relevant national and regional environmental legislation.

    The promoter ensures compliance with the Bank’s procurement guidelines when supporting procurement by the final beneficiaries.

    Link to source

    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).

    News & Stories

    Other links

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications