Release date: 16 January 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
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.
Objectives
The operation will enable financing small/medium projects carried out by micro and SMEs in the Southern Neighbourhood and Western Balkans.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 70 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 - 18/09/2018
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).