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Summary sheet

Release date
22 April 2022
Status
Reference
Under appraisal | 21/03/2022
20220090
Project name
Promoter - financial intermediary
ACP INCLUSIVE FINANCE FACILITY
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 80 million
not applicable
Location
Sector(s)
Description
Objectives

Gender-focused facility of up to EUR 80 million providing debt funding to micro-enterprises via selected inclusive finance intermediaries in African, Caribbean and Pacific (ACP) countries.

The facility will improve access to finance in ACP markets by encouraging local microfinance institutions to expand their lending activities to micro-entrepreneurs, micro-enterprises, and especially women. Consequently, the operation will positively impact private sector development and promote more inclusive and balanced economic growth in the ACP countries.

Environmental aspects
Procurement

Within the framework of the facility, the selected financial intermediaries will be requested to ensure compliance of their microfinance-lending operations with a harmonised set of policy requirements, including EIB requirements.

NA

Related projects
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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