Release date: 15 September 2003
Promoter – Financial Intermediary
Moroccan microcredit associationsLocation
Description
A EUR 10 million credit facility with the characteristics of a local-currency loan to be made available to certain Moroccan microfinance associations to finance their microcredit operations.
Objectives
To support the investment projects of small Moroccan entrepreneurs, the customers of these associations.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 10 million.
Total cost (Approximate amount)
As the proposed financing is not intended for a single project, but for numerous small ventures, this information is not available.
Environmental aspects
Concerning mainly craft businesses and small traders, the schemes financed do not present any identifiable environmental problems.
Procurement
Not applicable.
Status
Signed - 30/10/2003
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).