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BANQUE SOCREDO MICROFINANCE

Signature(s)

Amount
€ 8,400,000
Countries
Sector(s)
French Polynesia : € 8,400,000
Credit lines : € 8,400,000
Signature date(s)
4/11/2016 : € 8,400,000
Link to source
Data sheet
BANQUE SOCREDO MICROFINANCE
Other links
Summary sheet
BANQUE SOCREDO MICROFINANCE
Related press
French Polynesia: EIB launches microcredit programme with Banque SOCREDO

Summary sheet

Release date
19 April 2016
Status
Reference
Signed | 05/05/2017
20160010
Project name
Promoter - financial intermediary
BANQUE SOCREDO MICROFINANCE
Banque SOCREDO
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 8 million
Not applicable.
Location
Sector(s)
Description
Objectives

Partial refinancing of the microfinance portfolio of SOCREDO Bank, principally in the agriculture, services, trade, fishing and tourism sectors. It is to be noted that SOCREDO has a least one branch on each important island of the archipelago, which allows the institutions to reach final beneficiaries in the whole region.

Financing of small/medium projects carried out by micro-entrepreneurs.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Link to source
Summary sheet
BANQUE SOCREDO MICROFINANCE
Other links
Data sheet
BANQUE SOCREDO MICROFINANCE
Related press
French Polynesia: EIB launches microcredit programme with Banque SOCREDO

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).

News & Stories

Link to source
Related press
French Polynesia: EIB launches microcredit programme with Banque SOCREDO
Other links
Data sheet
BANQUE SOCREDO MICROFINANCE
Summary sheet
BANQUE SOCREDO MICROFINANCE

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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