Signature(s)
Amount
€ 75,000,000
Sector(s)
Services
: € 75,000,000
Signature date(s)
23/10/2015 : € 1,000,000
23/10/2015 : € 4,000,000
6/04/2016 : € 10,000,000
5/06/2015 : € 10,000,000
27/09/2013 : € 10,000,000
27/06/2013 : € 20,000,000
3/11/2014 : € 20,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
18 September 2013
Status
Reference
Signed | 27/06/2013
20120315
Project name
Promoter - financial intermediary
EAC MICROFINANCE FACILITY II
A number of financial intermediaries, including National Microfinance Bank Plc In Tanzania.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
Not disclosed.
Location
Sector(s)
Description
Objectives
Global authorisation to provide medium to long-term funding to micro and small enterprises through selected financial intermediaries in East Africa Community countries.
On-lending to micro- and small-enterprises for the purpose of productive financing. The EIB financing should be dedicated to fund working capital and investment capital needs of final beneficiaries.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate. Intermediaries to ensure compliance with Client Protection Principles.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Link to source
Summary sheet
Other links
Data sheet