Release date: 22 May 2023
Promoter – Financial Intermediary
BANCO NACIONAL DE INVESTIMENTO SALocation
Description
The facility provides funding to Banco Nacional de Investimento (BNI) to provide loans supporting small projects undertaken by private sector entities, notably small and medium sized enterprises (SMEs). A particular focus will be given on projects impacting positively on gender equality and women's economic empowerment, in line with the 2X Challenge Criteria.
Objectives
The aim is to enhance access to finance for the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
EUR 15 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 - 5/12/2023
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).