Release date: 16 April 2015
Promoter – Financial Intermediary
SPECIAL PURPOSE ENTITY(IES)/FUNDLocation
Description
Private equity fund targeting investments into small and medium-sized enterprises (SMEs) and mid-caps active in the financial services sector in Africa and Asia.
Objectives
The fund will provide equity financing to companies active at all levels of the financial services sector, including the relevant infrastructure, entailing as a result the strengthening of the sector infrastructure, and ultimately the provision of more affordable financial services to previously unbanked portions of population, fostering inclusive growth to the benefit of the broader economy.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 19 million
Total cost (Approximate amount)
EUR 250 million
Environmental aspects
The Bank will ensure that the project meets the social standards of the EIB and participating international financial institutions (IFIs). During appraisal the Bank’s services will verify the application of the relevant rules and procedures established by the fund and ensure that the projects financed by the fund follow the EIB’s social principles and standards.
Procurement
N/A
Status
Signed - 21/08/2015
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).