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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 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

Palestine* Services