Signature(s)
Amount
€ 70,000,000
Countries
Sector(s)
Egypt
: € 70,000,000
Credit lines
: € 70,000,000
Signature date(s)
15/02/2023 : € 70,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
28 October 2022
Status
Reference
Signed | 15/02/2023
20220665
Project name
Promoter - financial intermediary
BANQUE DU CAIRE MICROFINANCE LOAN
BANQUE DU CAIRE
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
Through this EIB operation, Banque du Caire (BdC) will be able to provide micro-loans to micro-entrepreneurs and enhance access to finance to the most vulnerable population in Egypt.
The aim is to strengthen the support provided by BdC to underserved and unserved businesses in Egypt, mainly micro or small enterprises located outside the main urban economic centres of Cairo and Alexandria, as well as people largely excluded from the financial services.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with the applicable national legislation and with the EIB Environmental and Social Standards.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Milestone
Under appraisal
Approved
Signed
14 December 2022
15 February 2023
Link to source
Summary sheet
Other links
Data sheet