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        ERI MICROFINANCE FACILITY

        Summary sheet

        Release date
        16 January 2020
        Status
        Reference
        Approved | 18/09/2018
        20180279
        Project name
        Promoter - financial intermediary
        ERI MICROFINANCE FACILITY
        ACCEPTABLE BANK(S)
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        EUR 70 million
        not applicable
        Location
        Sector(s)
        Description
        Objectives

        The project consists of a framework envelope under the Economic Resilience Initiative (ERI) Building Block 3b for Microfinance of up to EUR 70m (100% Donor funded) to provide medium term funding in the form of senior debt in local currency to micro, small and medium sized enterprises (SMEs) through selected intermediaries in the Southern Neighbourhood and the Western Balkans.

        The operation will enable financing small/medium projects carried out by micro and SMEs in the Southern Neighbourhood and Western Balkans.

        Environmental aspects
        Procurement

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

        Related projects
        Related sub-project
        ENDA TAMWEEL

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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