Date de publication: 26 novembre 2004
Promoteur – Intermédiaire Financier
Moroccan microcredit associations selected by the EIB (notably Al Amana and Zakoura)Lieu
Description
Establishment of a long-term (10-year) credit line from risk capital resources for leading Moroccan microcredit associations to finance their lending to small-scale enterprises. This facilily will have the features of a loan in dirhams (the exchange risk will be borne by the Community budget).
Objectifs
To support the development of microcredit in Morocco and thus contribute to the expansion of private-sector activities, the advance of women and a reduction in poverty.
Commentaires
Financial (and a wide range of small-scale economic activities, mainly commerce, crafts and trades, as far as the final beneficiaries are concerned)
Secteur(s)
Montant BEI envisagé (montant approximatif)
EUR 10 million.
Coût total (montant approximatif)
EUR 20 million (the EIB's loan will finance no more than 50% of the increase in the borrowers' outstandings over a period of approximately one year).
Aspects environnementaux
No significant impact on the environment as such, owing to the very small size of the projects. There may, on the other hand, be a considerable social impact (large number of beneficiairies, the majority of whom etablish sustainable activities).
Statut
Signé - 11/12/2004
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).