Release date: 4 May 2020
Promoter – Financial Intermediary
JAIDA SALocation
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)
- Credit lines - Credit lines
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 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).