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    Reference: 20200778
    Release date: 25 November 2020

    Promoter – Financial Intermediary




    Capped partial portfolio guarantee to a selected financial intermediary to support financing of investments undertaken by small and medium-sized enterprises (SMEs) in Jordan, thereby contributing to economic resilience in a country that has been severely impacted by external shocks such as the Syrian refugee crisis and the COVID-19 pandemic.


    The primary objective of the operation is to enhance access to finance for Jordanian small- and medium-sized enterprises (SMEs) through improved terms and conditions, especially reduced collateral requirements, lower financing costs and longer maturities. It will encourage the intermediary in reaching out to underserved and vulnerable groups of the Jordanian society, including women, youth and refugees, and sustain support to clients affected by the COVID-19 crisis.


    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    EUR 70 million

    Environmental aspects

    The Bank will require the selected financial intermediary to take all requisite measures to ensure that the relevant procedures carried out by the final beneficiaries will comply with national legislation and the EIB's Environment and Social Standards.


    The Bank will require the selected financial intermediary to take all requisite measures to ensure that procurement by the final beneficiary is undertaken in line with the provisions of the EIB Guide to Procurement.


    Signed - 28/01/2021


    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).

    Related tags

    Jordan Credit lines