Release date: 28 October 2015
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
Loan to finance small-sized investments promoted by self-employed entrepreneurs and micro-enterprises with 10 or fewer employees
Objectives
Enabling access to finance at favorable conditions to a wider spectrum of very small companies, which usually face more severe credit restrictions. The launch of a dedicated intermediated loan would also increase visibility of the EIB product among both potential final beneficiaries and the general public.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Bank will require that projects financed under this operation comply with domestic and applicable EU legislation, as appropriate.
Procurement
The Bank will require that projects financed under this operation comply with domestic and applicable EU legislation, as appropriate.
Status
Signed - 23/12/2015
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).