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    Reference: 20170952
    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Mediterranean Countries Credit lines