Release date: 25 September 2008
Promoter – Financial Intermediary
SONIBANK,
Banque Internationale pour l’Afrique au Niger (BIA Niger),
Bank of Africa Niger (BOA)
Location
Description
Credit line for SONIBANK, BIA Niger and BOA Niger for granting loans to small and medium-sized enterprises.
Objectives
To increase the intermediaries’ access to medium and long-term resources in order to promote the financing – in the form of loans – of capital projects undertaken by small and medium-sized enterprises and thus help to improve the competitiveness and growth of the private sector in Niger.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 8 million for three banks.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The environmental impact of each of the capital projects supported via the credit lines will be assessed by the intermediaries on the basis of instructions issued by the Bank, which will check that the projects comply with the environmental standards normally applied by it.
Procurement
The equipment, services and works under the supported projects will be selected in accordance with appropriate procedures – international or national invitations to tender or consultations – in the light of the characteristics of the projects.
Status
Signed - 19/12/2008
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).