Release date: 5 August 2004
Promoter – Financial Intermediary
DFCU Leasing Company Ltd.Location
Description
Credit line for the financing of leasing transactions between 10 000 and 1 000 000 EUR, of 2 to 5 years’ duration. The targeted final beneficiaries are businesses operating in agro-industry, fishing, manufacturing, mining, tourism, transport and services related to these sectors, or providing education or healthcare.
Objectives
The purpose of this global loan is to provide the long-term funds needed for leasing transactions, in order to promote leasing in Uganda, an instrument of interest for financing the investment needs in particular of small and very small businesses.
Sector(s)
Proposed EIB finance (Approximate amount)
5 M EUR
Total cost (Approximate amount)
N.A.
Environmental aspects
The borrower will classify leasing transactions to be financed according to 3 impact categories, implying different mitigation measures, and monitor the implementation of environmental action plans. Specific information would be required if needed to ensure compliance with EIB standards.
Procurement
The borrower will ensure that assets to be financed are selected at the most advantageous prices, relying on open competition as appropriate having regard to the nature of the asset and market concerned.
Status
Signed - 9/08/2004
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).