Release date: 20 May 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The project consists of a credit line to NAFIN to boost access to finance for the micro, small and medium sized enterprises in Mexico affected by the Covid-19 outbreak.
Objectives
The aim is to finance small/medium projects carried out by the target group of beneficiaries in Mexico.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
USD 150 million (EUR 132 million)
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Environmental and Social Standards, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national legislation and the EIB's Guide to Procurement, as appropriate.
Status
Signed - 14/12/2020
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).