Release date: 22 April 2022
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
Gender-focused facility of up to EUR 80 million providing debt funding to micro-enterprises via selected inclusive finance intermediaries in African, Caribbean and Pacific (ACP) countries.
Objectives
The facility will improve access to finance in ACP markets by encouraging local microfinance institutions to expand their lending activities to micro-entrepreneurs, micro-enterprises, and especially women. Consequently, the operation will positively impact private sector development and promote more inclusive and balanced economic growth in the ACP countries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 80 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Within the framework of the facility, the selected financial intermediaries will be requested to ensure compliance of their microfinance-lending operations with a harmonised set of policy requirements, including EIB requirements.
Procurement
NA
Status
Under appraisal - 21/03/2022
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).