Release date: 7 October 2025
Promoter – Financial Intermediary
AGRICOVER CREDIT IFN SALocation
Description
The operation consists of a multiple beneficiary intermediated loan (MBIL) with a long-standing financial intermediary to support micro-enterprises in the agriculture sector in Romania.
Objectives
The aim is to enhance access to finance for small-scale projects promoted by the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable
Environmental aspects
The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 20/10/2025