MICROBANK LOAN FOR MICROFINANCE INITIATIVES IV

Promoter – Financial Intermediary

NUEVO MICRO BANK SA

Location

• Spain

Description

The operation will finance through MicroBank, the social bank of CaixaBank Group, small and medium sized enterprises (SMEs), start-ups and self-employed people in Spain and other EU countries. ,

Objectives

The aim is to support those people whose financial needs are not adequately covered by the traditional banking system and help them to start up or expand their businesses. The ultimate scope is to promote employment, especially among young people.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 100 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 - 6/05/2024