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SHORECAP INTERNATIONAL LTD (SCI)

Signature(s)

Amount
€ 2,049,516.31
Sector(s)
Services : € 2,049,516.31
Signature date(s)
29/06/2004 : € 2,049,516.31
Link to source
Data sheet
SHORECAP INTERNATIONAL LTD (SCI)
Other links
Summary sheet
ShoreCap International Ltd.

Summary sheet

Release date
30 July 2004
Status
Reference
Under appraisal | 29/06/2004
20040012
Project name
Promoter - financial intermediary
ShoreCap International Ltd.
Shorebank Corporation.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 2.5 million (approx EUR 2 million)in common shares at par for up to 10% of the equity of ShoreCap.
USD 25 million (approx EUR 20.5 million).
Location
Sector(s)
Description
Objectives

An investment company dedicated to microfinance institutions and small business banks.

To expand and strengthen the supply of financial services and products to the poor.

Environmental aspects
Procurement

n.a.

n.a.

Comments

Micro and small business.

Link to source
Summary sheet
ShoreCap International Ltd.
Other links
Data sheet
SHORECAP INTERNATIONAL LTD (SCI)

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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