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
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Data sheet
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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
Summary sheet
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Data sheet
News & Stories
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