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Signature(s)

Amount
€ 3,916,346.83
Countries
Sector(s)
Kenya : € 3,916,346.83
Services : € 3,916,346.83
Signature date(s)
3/08/2006 : € 3,916,346.83
Link to source

Summary sheet

Release date
13 March 2006
Status
Reference
Under appraisal | 03/08/2006
20050584
Project name
Promoter - financial intermediary
BPI Kenya SME Fund

Business Partners International Ltd
Attn: Mr Jo' Schwenke, Managing Director
5 Wellington Road
Parktown 2193
P.O. Box 7780
2000 Johannesburg
SOUTH AFRICA

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to USD 5 million.
Not applicable.
Location
Sector(s)
Description
Objectives

USD 15 million Investment Fund targeting investments in businesses in the SME sector in Kenya.

Financing of investments of USD 50,000 – 500,000 in businesses which are underserved by the existing financial services industry in Kenya, using primarily quasi-equity and debt instruments.

Environmental aspects
Procurement

Investee companies to meet minimum environmental standards to be specified and monitored by the Fund Manager.

N/a

Comments

All sectors (except sectors normally excluded on ethical grounds)

Link to source
Summary sheet

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).

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Summary sheet

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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.
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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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