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    Reference: 20130034
    Release date: 10 April 2013

    Promoter – Financial Intermediary

    ACAD (Arab Center for Agricultural Development)

    Location

    Description

    Participation in a Palestinian microfinance organisation: transformation of an existing association into a sustainable financial company.

    Objectives

    The project consists of backing ACAD in the transformation process from an association to a sustainable financial company, with a wide scope of providing credit to farmers as well as to other micro-entrepreneurs.

    Comments

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 1 million

    Total cost (Approximate amount)

    EUR 11 million

    Environmental aspects

    In line with EIB's requirements.

    Procurement

    NA

    Status

    Signed - 11/09/2013

    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

    Palestine* Services