Release date: 11 August 2020
Promoter – Financial Intermediary
BANCO DO NORDESTE DO BRASIL SALocation
Description
Loan to the regional development institution "Banco do Nordeste do Brasil" for financing micro-enterprises, mainly targeted at women's empowerment, in response to the COVID-19 crisis affecting private businesses and directly impacting poverty alleviation.
Objectives
The project will help the financing of projects carried out by micro-enterprises.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 200 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 - 29/12/2020
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).