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    Reference: 20210090
    Release date: 26 July 2021

    Promoter – Financial Intermediary

    JORDAN MICROFINANCE COMPANY LLC

    Location

    Description

    Synthetic local currency loan in Jordanian Dinar (JOD) to fund the microfinance activities of the Jordan Microfinance Company ("Tamweelcom") in Jordan.

    Objectives

    This synthetic local currency loan aims at supporting the microfinance activities of Tamweelcom in Jordan and promoting access to finance for micro and small enterprises, particularly targeting women and youth.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 6 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Approved - 7/09/2021

    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

    Jordan Credit lines