Release date: 5 June 2013
Promoter – Financial Intermediary
NUEVO MICRO BANK SALocation
Description
Dedicated EIB facility for micro loans in Spain to MicroBank, the Social Bank of CaixaBank Group, specialised in micro-finance. The micro loans will be extended to microenterprises and entrepreneurs with the objective to promote economic activity and job creation, especially among the youth and the unemployed.
Objectives
Improving access to term finance at favourable conditions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 30/09/2013
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).