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Signature(s)

Amount
€ 8,400,000
Countries
Sector(s)
French Polynesia : € 8,400,000
Credit lines : € 8,400,000
Signature date(s)
4/11/2016 : € 8,400,000
Link to source

Summary sheet

Release date
19 April 2016
Status
Reference
Signed | 05/05/2017
20160010
Project name
Promoter - financial intermediary
BANQUE SOCREDO MICROFINANCE
Banque SOCREDO
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 8 million
Not applicable.
Location
Sector(s)
Description
Objectives

Partial refinancing of the microfinance portfolio of SOCREDO Bank, principally in the agriculture, services, trade, fishing and tourism sectors. It is to be noted that SOCREDO has a least one branch on each important island of the archipelago, which allows the institutions to reach final beneficiaries in the whole region.

Financing of small/medium projects carried out by micro-entrepreneurs.

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

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).

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