Release date: 24 June 2016
Promoter – Financial Intermediary
Agricover Credit IFN SALocation
Description
Loan to a new financial intermediary with experience in agricultural lending, to facilitate access to finance for small and medium-sized enterprises (SMEs) active in the agricultural sector
Objectives
Facilitating access to finance for farmers, who are currently an underserved segment of the financial market. The credit line is expected to fund working capital needs and farm development and modernisation.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 29/07/2016
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).