Reference:
20130359
Release date: 19 August 2013
Release date: 19 August 2013
Promoter – Financial Intermediary
Al MajmouaLocation
Description
USD denominated loan to Al Majmoua, a Lebanese microfinance association, for the financing of microcredits.
Objectives
Financing part of Al Majmoua's micorcredit activity over the next years, covering both the growth of the existing portfolio of clients as well as the launch of new products.
Comments
Second financing operation with Al Majmoua.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 4 million
Total cost (Approximate amount)
EUR 10 million
Environmental aspects
In line with EIB's requirements.
Procurement
N/A
Status
Signed - 19/12/2013
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).