Release date: 30 March 2010
Promoter – Financial Intermediary
The European Investment Fund will manage the funds provided by the European Commission and the EIB
Location
Description
The PMF will consist of a fund targeting microfinance institutions, including banks, which will address a mix of social, economic and financial objectives.
Objectives
By supporting microfinance institutions, the initiative is intended to benefit self-employed persons, microenterprises (especially in the social economy) and microentrepreneurs starting or expanding their businesses as a way of countering unemployment and social exclusion in the EU in the context of the financial crisis.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 30/11/2010
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).