Reference: 20170959
Release date: 4 December 2019

Promoter – Financial Intermediary

ASSOCIATION AL AMANA POUR LA PROMOTION DES MICROENTREPRISES

Location

Description

The EUR 3m loan operation will finance the portfolio of Al Amana Microcredit, the largest microfinance institution in Morocco, which provides economic and social development solutions focusing on financial inclusion for micro- entrepreneurs.

Objectives

The project will provide access to finance for micro/small enterprises specifically targeting women, youth and the poorest people living in rural areas.

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

Approved - 13/01/2020

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

Morocco Credit lines