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Signature(s)

Amount
€ 500,000,000
Countries
Sector(s)
Spain : € 500,000,000
Credit lines : € 500,000,000
Signature date(s)
23/12/2015 : € 500,000,000
Link to source

Summary sheet

Release date
28 October 2015
Status
Reference
Signed | 23/12/2015
20150632
Project name
Promoter - financial intermediary
ICO LOAN FOR MICRO ENTERPRISES
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 500 million
Not applicable.
Location
Sector(s)
Description
Objectives

Loan to finance small-sized investments promoted by self-employed entrepreneurs and micro-enterprises with 10 or fewer employees

Enabling access to finance at favorable conditions to a wider spectrum of very small companies, which usually face more severe credit restrictions. The launch of a dedicated intermediated loan would also increase visibility of the EIB product among both potential final beneficiaries and the general public.

Environmental aspects
Procurement

The Bank will require that projects financed under this operation comply with domestic and applicable EU legislation, as appropriate.

The Bank will require that projects financed under this operation comply with domestic and applicable EU legislation, as appropriate.

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

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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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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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