Signature(s)
Amount
€ 60,000,000
Countries
Sector(s)
Spain
: € 60,000,000
Credit lines
: € 60,000,000
Signature date(s)
30/09/2013 : € 60,000,000
Link to source
Data sheet
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Summary sheet
Release date
5 June 2013
Status
Reference
Signed | 30/09/2013
20130213
Project name
Promoter - financial intermediary
MICROBANK LOAN FOR MICRO FINANCE INITIATIVES
NUEVO MICRO BANK SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million
Not applicable
Location
Sector(s)
Description
Objectives
Dedicated EIB facility for micro loans in Spain to MicroBank, the Social Bank of CaixaBank Group, specialised in micro-finance. The micro loans will be extended to microenterprises and entrepreneurs with the objective to promote economic activity and job creation, especially among the youth and the unemployed.
Improving access to term finance at favourable conditions.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Link to source
Summary sheet
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Data sheet
Related press
News & Stories
Link to source
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