Release date: 18 March 2013
Promoter – Financial Intermediary
Fondation pour le Développement Local et le Partenariat – Microcrédit - FondepLocation
Description
Local currency senior unsecured loan to "Fondation pour le Développement Local et le Partenariat – Microcrédit - Fondep", a Moroccan microcredit association, for the financing of microcredits
Objectives
Financing of Fondep's microcredit activity over the next years, covering both the growth of the existing portfolio of clients as well as the launch of new products
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 4 million
Total cost (Approximate amount)
EUR 20 million
Environmental aspects
In line with EIB's requirements
Procurement
N/A
Status
Signed - 7/08/2013
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).