Unterzeichnung(en)
Übersicht
The facility will provide lines of credit as well as equity and technical assistance to a range of microfinance instititutions in the Dominican Republic. Final beneficiaries will be micro enterprises in the private sector.
The operation intends to promote the growth and support the integration of microfinance institutions in the financial sector with the view of improving access to finance to those enterprises that are excluded from local traditional banking.
The intermediaries will ensure that the projects to be financed will comply with the EIB’s environmental standards. The promoters’ appraisal processes include an environmental review to verify that the projects are in compliance with the relevant national and regional environmental legislation.
Assets to be financed will be procured on a competitive basis taking into account the nature and size of the goods and services to be purchased. The promoters ensure compliance with the Bank’s procurement guidelines when supporting procurement by the final beneficiaries.