Signature(s)
Amount
€ 53,000,000
Sector(s)
Services
: € 53,000,000
Signature date(s)
4/12/2020 : € 3,000,000
25/10/2017 : € 4,000,000
6/04/2021 : € 4,000,000
10/07/2020 : € 4,000,000
20/10/2017 : € 4,000,000
10/12/2020 : € 5,000,000
10/02/2020 : € 7,000,000
24/10/2019 : € 10,000,000
26/07/2018 : € 12,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
22 June 2016
Status
Reference
Signed | 20/10/2017
20160466
Project name
Promoter - financial intermediary
WEST AFRICA MICROFINANCE FACILITY
Microfinance service providers
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 53 million
not applicable
Location
Sector(s)
- Services - Financial and insurance activities
Description
Objectives
Framework credit line of up to EUR 50 m to provide medium to long-term funding to micro and small enterprises (MSEs) through selected financial intermediaries in West African countries
This operation is expected to support private sector development by increasing financial inclusion and access to finance for MSEs. This will contribute to employment generation and poverty reduction.
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
Other links
Data sheet
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Photogallery
Photographer: Richard Willis
©EIB