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Reference: 20220665
Release date: 28 October 2022

Promoter – Financial Intermediary

BANQUE DU CAIRE

Location

Description

Through this EIB operation, Banque du Caire (BdC) will be able to provide micro-loans to micro-entrepreneurs and enhance access to finance to the most vulnerable population in Egypt.

Objectives

The aim is to strengthen the support provided by BdC to underserved and unserved businesses in Egypt, mainly micro or small enterprises located outside the main urban economic centres of Cairo and Alexandria, as well as people largely excluded from the financial services.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 70 million

Total cost (Approximate amount)

not applicable

Environmental aspects

Final beneficiaries will be requested to comply with the applicable national legislation and with the EIB Environmental and Social Standards.

Procurement

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

Status

Signed - 15/02/2023

Milestone
Under appraisal
Approved
Signed
14 December 2022
15 February 2023

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).

Related tags

Egypt Credit lines