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    Reference: 20190913
    Release date: 4 May 2020

    Promoter – Financial Intermediary

    JAIDA SA

    Location

    Description

    The proejct consists of an EUR 10m loan to finance the portfolio of the JAIDA fund, which supports microfinance institutions in Morocco. The fund aims to improve access to finance for micro-enterprises focusing on financial inclusion and social development.

    Objectives

    The aim is to enhance access to finance for micro-enterprises.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 10 million

    Environmental aspects

    Final beneficiaries should comply with relevant national and EU legislation.

    Procurement

    Final beneficiaries should comply with relevant national and EU legislation.

    Status

    Signed - 22/12/2020

    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