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    Signature(s)

    Amount
    € 700,000,000
    Countries
    Sector(s)
    Spain : € 700,000,000
    Credit lines : € 700,000,000
    Signature date(s)
    27/12/2017 : € 300,000,000
    26/10/2018 : € 400,000,000

    Summary sheet

    Release date
    12 October 2017
    Status
    Reference
    Signed | 27/12/2017
    20170746
    Project name
    Promoter - financial intermediary
    ICO LOAN FOR MICRO ENTERPRISES II
    ACCEPTABLE BANK(S)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 700 million
    EUR 1400 million
    Location
    Sector(s)
    Description
    Objectives

    Loan for financing small sized investments promoted by self-employed entrepreneurs and micro-enterprises, mainly in Spain.

    This operation will improve competitiveness and access to finance at favourable conditions by self-employed entrepreneurs and micro-enterprises.

    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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    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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