Reference:
20130034
Release date: 10 April 2013
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).