Release date: 15 December 2005
Promoter – Financial Intermediary
Business Partners International (Pty) Ltd (BPI)Location
Description
Investment in a fund aimed at providing equity and quasi-equity finance to SMEs in Madagascar. The fund, initiated by IFC and the Republic of South Africa SME financier, Business Partners, will complement its funding with business advisory services.
Objectives
The proposed operation offers an innovative and flexible range of risk bearing instruments to small entrepreneurs and will thus support the creation of jobs and help to improve the general economic outlook in Madagascar.
Comments
Financial Intermediation
Sector(s)
Proposed EIB finance (Approximate amount)
Approx EUR 2 million
Total cost (Approximate amount)
Approx EUR 8.5 million
Environmental aspects
Investments will comply with the environmental guidelines of the international funding institutions involved.
Procurement
In accordance with standard EIB procedures for investment funds.
Status
Signed - 13/02/2006
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).