Release date: 20 April 2009
Promoter – Financial Intermediary
LOK Microcredit Foundation SarajevoLocation
Description
Projects undertaken by small and very small businesses, in the sectors of agriculture, trade, manufacturing, and services.
Objectives
The loan is expected to provide finance at favourable conditions to small and micro-enterprises, thus supporting the development of the economy, contributing to job creation and poverty alleviation, both have high priority for BiH and the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 20 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under the loan will be compliant with domestic and EU applicable legislation.
Procurement
The Bank will require that projects financed under the loan will be compliant with domestic and EU applicable legislation.
Status
Signed - 23/10/2009
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).