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    Reference: 20140018
    Release date: 22 April 2014

    Promoter – Financial Intermediary

    MICROFUND FOR WOMEN

    Location

    Description

    Senior loan under global authorisation to finance microcredits in Jordan.

    Objectives

    Senior unsecured loan to Microfund for Women (“MFW”), a Jordanian not for profit microfinance institution. The operation will back the development of the local financial sector for the on-lending to micro-projects, and bolster support for the private sector and the development of microenterprises. The investment will contribute to support poverty reduction and social inclusion through the promotion of decent work conditions and access to essential services, including funding, for micro-enterprises.

    Comments

    The loan amount will be the JOD counter value of up to EUR 2 million.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 2 million

    Total cost (Approximate amount)

    Not disclosed.

    Environmental aspects

    N/A

    Procurement

    N/A

    Status

    Signed - 5/11/2014

    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).

    Related tags

    Jordan Services