Release date: 2 July 2018
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The project consists of an increase participation in a debt fund aiming at supporting responsible and environmental investments and financial inclusion in the Mediterranean region through microfinance to be realised under the Risk Capital Facility for Southern Neighbourhood.
Objectives
This project will improve competitiveness and access to finance at favourable conditions for small and medium-sized enterprises (SMEs).
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 3 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 - 26/11/2018
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).