Reference:
20090219
Release date: 9 June 2009
Release date: 9 June 2009
Promoter – Financial Intermediary
Dakahlya Businessmen’s Association for Community Development.
Location
Description
A local currency loan under global authorisation to a microfinance institution based in the Dakahlya region of Lower Egypt.
Objectives
Proceeds from the loan will be used to extend credit to small and micro-enterprises in the Dakahlya Governorate of Lower Egypt, both in the form of individual loans and group loans.
Sector(s)
Proposed EIB finance (Approximate amount)
Contract amount of up to the EGP equivalent of EUR 2 million.
Total cost (Approximate amount)
Up to 50% of funding needs over the next 2 years.
Environmental aspects
Not applicable (intermediated private sector investment).
Procurement
Not applicable (private sector investment).
Status
Signed - 4/08/2009