Release date: 21 October 2014
Promoter – Financial Intermediary
ACCEPTABLE BANK(S), BANCO DE AHORRO Y CREDITO ADOPEM SALocation
Description
Lending facility to provide medium to long-term funding to low-income small and micro-enterprises and households and community-based organisations through selected financial intermediaries in the Caribbean and Pacific countries.
Objectives
Financing of small/medium projects carried out by micro and small enterprises, households and community-based organisations.
Comments
Other financial intermediaries to be approved at a later date. Proposed EIB finance for Adopem: EUR 10 million. Total project cost: at least EUR 80 million (facility).
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 35 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 - 28/05/2015
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).