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Signature(s)

Amount
€ 10,000,000
Countries
Sector(s)
Morocco : € 10,000,000
Credit lines : € 10,000,000
Signature date(s)
22/12/2020 : € 10,000,000
Link to source
Data sheet

Summary sheet

Release date
4 May 2020
Status
Reference
Signed | 22/12/2020
20190913
Project name
Promoter - financial intermediary
JAIDA SA
JAIDA SA
Proposed EIB finance (Approximate amount)
EUR 10 million
Location
Sector(s)
Description
Objectives

The proejct consists of an EUR 10m loan to finance the portfolio of the JAIDA fund, which supports microfinance institutions in Morocco. The fund aims to improve access to finance for micro-enterprises focusing on financial inclusion and social development.

The aim is to enhance access to finance for micro-enterprises.

Environmental aspects
Procurement

Final beneficiaries should comply with relevant national and EU legislation.

Final beneficiaries should comply with relevant national and EU legislation.

Link to source
Summary sheet

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

Other links
Data sheet
Summary sheet

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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.
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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.

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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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