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    Signature(s)

    Amount
    € 10,000,000
    Countries
    Sector(s)
    Uganda : € 10,000,000
    Credit lines : € 10,000,000
    Signature date(s)
    28/06/2006 : € 10,000,000
    Link to source

    Summary sheet

    Release date
    20 January 2006
    Status
    Reference
    Signed | 28/06/2006
    20050493
    Project name
    Promoter - financial intermediary
    DFCU Leasing Global Loan II
    DFCU Leasing Company Ltd.Mr Colin McCormack, Managing Director DFCU group.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 10 million equivalent in Ugandan Shillings.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Line of credit to provide funding for leasing transactions in Ugandan Shillings.

    Financing of small and medium sized investments in fixed assets such as vehicles and machinery. The intended final beneficiaries are enterprises operating in agro-industry, fishing, mining, manufacturing, tourism or services related to these sectors, or providing healthcare and education.

    Environmental aspects
    Procurement

    The DFCU group has developed a comprehensive methodology for assessing environmental impacts and monitoring mitigating measures at all stages of an investment project. Leasing transactions will be ranked according to impacts and monitoring needs, and additional information will be provided upon request to ensure compliance with the EIB’s norms.

    The borrower will ensure that the assets to be leased will be procured on a competitive basis taking into account the particular nature and size of the goods considered.

    Link to source

    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).

    News & Stories

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    Other links

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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