FONDEP II

Promoter – Financial Intermediary

Fondation pour le Développement Local et le Partenariat – Microcrédit - Fondep

Location

• Morocco

Description

Local currency senior unsecured loan to "Fondation pour le Développement Local et le Partenariat – Microcrédit - Fondep", a Moroccan microcredit association, for the financing of microcredits

Objectives

Financing of Fondep's microcredit activity over the next years, covering both the growth of the existing portfolio of clients as well as the launch of new products

Sector(s)

• Services - Financial and insurance activities

Proposed EIB finance (Approximate amount)

EUR 4 million

Total cost (Approximate amount)

EUR 20 million

Environmental aspects

In line with EIB's requirements

Procurement

N/A

Status

Signed - 7/08/2013