Signature(s)
Amount
€ 20,000,000
Countries
Sector(s)
Romania
: € 20,000,000
Credit lines
: € 20,000,000
Signature date(s)
21/12/2017 : € 5,000,000
29/07/2016 : € 15,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
24 June 2016
Status
Reference
Signed | 29/07/2016
20160081
Project name
Promoter - financial intermediary
AGRICOVER LOAN FOR SMES
Agricover Credit IFN SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
Not applicable.
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
Loan to a new financial intermediary with experience in agricultural lending, to facilitate access to finance for small and medium-sized enterprises (SMEs) active in the agricultural sector
Facilitating access to finance for farmers, who are currently an underserved segment of the financial market. The credit line is expected to fund working capital needs and farm development and modernisation.
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
Summary sheet
News & Stories
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