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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Regional - East Africa : € 75,000,000
    Services : € 75,000,000
    Signature date(s)
    23/10/2015 : € 1,000,000
    23/10/2015 : € 4,000,000
    6/04/2016 : € 10,000,000
    5/06/2015 : € 10,000,000
    27/09/2013 : € 10,000,000
    27/06/2013 : € 20,000,000
    3/11/2014 : € 20,000,000
    Link to source
    Other links

    Summary sheet

    Release date
    18 September 2013
    Status
    Reference
    Signed | 27/06/2013
    20120315
    Project name
    Promoter - financial intermediary
    EAC MICROFINANCE FACILITY II
    A number of financial intermediaries, including National Microfinance Bank Plc In Tanzania.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 75 million
    Not disclosed.
    Description
    Objectives

    Global authorisation to provide medium to long-term funding to micro and small enterprises through selected financial intermediaries in East Africa Community countries.

    On-lending to micro- and small-enterprises for the purpose of productive financing. The EIB financing should be dedicated to fund working capital and investment capital needs of final beneficiaries.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate. Intermediaries to ensure compliance with Client Protection Principles.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Link to source
    Other links

    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).

    General enquiries and comments

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    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.

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    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.

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