Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20110364
    Release date: 4 October 2011

    Promoter – Financial Intermediary

    Progression Eastern African Microfinance Equity Fund, a limited life investment fund to be incorporated in Mauritius.

    Location

    Description

    Equity participation in a regional microfinance investment fund targeting Microfinance Institutions and other Microfinance intermediaries in Eastern Africa.

    Objectives

    The Fund’s objective is to achieve growth and development of Microfinance Institutions and other Microfinance intermediaries located in Eastern Africa mainly through equity and equity-related investments. In doing so, the Fund will contribute to the promotion of financial inclusion in the region.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 8 million

    Total cost (Approximate amount)

    USD 40 million

    Environmental aspects

    Not applicable.

    Procurement

    Not applicable.

    Status

    Under appraisal - 4/10/2011

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Regional - East Africa Services