Signature(s)
Amount
€ 60,000,000
Countries
Sector(s)
Spain
: € 60,000,000
Credit lines
: € 60,000,000
Signature date(s)
19/10/2016 : € 30,000,000
4/10/2017 : € 30,000,000
Link to source
Other links
Summary sheet
Release date
29 July 2016
Status
Reference
Signed | 19/10/2016
20150738
Project name
Promoter - financial intermediary
MICROBANK LOAN FOR MICROFINANCE INITIATIVES III
NUEVO MICRO BANK SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 60 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
This is an operation under the "EU Programme Loan for SME and Midcaps" (2014-0718), aiming at supporting micro initiatives mainly in Spain.
Loan to finance small enterprises and entrepreneurs with the objective to promote economic activity and job creation, especially among the youth and the unemployed, in Spain.
Environmental aspects
Procurement
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
The Bank will require that projects financed under this operation comply with domestic and EU applicable legislation, as appropriate.
Link to source
Summary sheet
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News & Stories
Link to source
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