Release date: 28 September 2018
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The framework credit line of up to EUR 60 million will make finance available to micro and small and medium-sized enterprises (SMEs) through selected financial intermediaries across African, Caribbean and Pacific (ACP) countries.
Objectives
The project aims at contributing to bridge the financial services gap for SMEs and local authorities in ACP countries by encouraging local banks to expand their lending activities to this business segment. The Facility will also support job creation and promote more inclusive and balanced economic growth in the ACP countries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 65 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Within the framework of the Facility, the selected banks will be requested to ensure compliance of their SME lending operations with a harmonised set of policy requirements, including EIB requirements, in particular on environment and procurement.
Procurement
Within the framework of the Facility, the selected banks will be requested to ensure compliance of their SME lending operations with a harmonised set of policy requirements, including EIB requirements.
Status
Signed - 19/11/2019
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).