Signature(s)
Amount
€ 35,000,000
Countries
Sector(s)
Timor-Leste
: € 2,000,000
Dominican Republic
: € 20,000,000
Credit lines
: € 35,000,000
Signature date(s)
13/12/2018 : € 1,600,000
8/06/2018 : € 2,000,000
22/05/2017 : € 3,000,000
13/12/2018 : € 3,400,000
18/07/2016 : € 5,000,000
22/08/2016 : € 10,000,000
28/05/2015 : € 10,000,000
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Summary sheet
Release date
21 October 2014
Status
Reference
Signed | 28/05/2015
20140036
Project name
Promoter - financial intermediary
CARIBBEAN AND PACIFIC IMPACT FINANCE FACILITY
ACCEPTABLE BANK(S), BANCO DE AHORRO Y CREDITO ADOPEM SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 35 million
not applicable
Location
Sector(s)
Description
Objectives
Lending facility to provide medium to long-term funding to low-income small and micro-enterprises and households and community-based organisations through selected financial intermediaries in the Caribbean and Pacific countries.
Financing of small/medium projects carried out by micro and small enterprises, households and community-based organisations.
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.
Comments
Other financial intermediaries to be approved at a later date. Proposed EIB finance for Adopem: EUR 10 million. Total project cost: at least EUR 80 million (facility).
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Summary sheet
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Related press
Related press
News & Stories
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