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    Signature(s)

    Amount
    € 4,000,000
    Countries
    Sector(s)
    Lebanon : € 4,000,000
    Services : € 4,000,000
    Signature date(s)
    19/12/2013 : € 4,000,000
    Link to source

    Summary sheet

    Release date
    19 August 2013
    Status
    Reference
    Signed | 19/12/2013
    20130359
    Project name
    Promoter - financial intermediary
    AL MAJMOUA II
    Al Majmoua
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 4 million
    EUR 10 million
    Location
    Sector(s)
    Description
    Objectives

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

    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.

    Environmental aspects
    Procurement

    In line with EIB's requirements.

    N/A

    Comments

    Second financing operation with Al Majmoua.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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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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    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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