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    Reference: 20170481
    Release date: 5 December 2017

    Promoter – Financial Intermediary

    ACCEPTABLE BANK(S)

    Location

    Description

    The Small and Medium-sized Enterprise-focused Regional Facility (SMERF) is a regional credit facility for financial intermediaries to on-lend primarily to Small and Medium-sized Enterprise (SME) projects in the southern African and Indian Ocean regions (excluding South Africa).

    Objectives

    The project will help finance projects carried out by small and medium-sized enterprises and other final beneficiaries.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 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 - 18/12/2018

    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

    Swaziland Regional - Indian Ocean Regional - Southern Africa Seychelles Credit lines