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    Reference: 20090348
    Release date: 23 November 2009

    Promoter – Financial Intermediary

    Sponsor: The Lebanese Association for Development – Al Majmoua

    Location

    Description

    A USD denominated loan under global authorisation to a Lebanese microfinance institution.

    Objectives

    Proceeds from the loan will be used to extend credit to small and micro-enterprises across Lebanon, both in the form of individual loans and group loans.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to the USD equivalent of EUR 2 million.

    Total cost (Approximate amount)

    Not applicable

    Environmental aspects

    N/A (intermediated private sector investment).

    Procurement

    N/A (private sector investment).

    Status

    Under appraisal - 7/05/2010

    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).

    Related tags

    Lebanon Services