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MOZAMBIQUE FINANCIAL SECTOR LINE OF CREDIT

Signature(s)

Amount
€ 25,000,000
Countries
Sector(s)
Mozambique : € 25,000,000
Credit lines : € 25,000,000
Signature date(s)
19/03/2014 : € 5,000,000
21/12/2015 : € 20,000,000

Summary sheet

Release date
17 September 2013
Status
Reference
Signed | 19/03/2014
20120541
Project name
Promoter - financial intermediary
MOZAMBIQUE SME LINE OF CREDIT
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 25 million
not applicable
Location
Sector(s)
Description
Objectives

Line of credit to be offered to a group of Mozambican banks, selected after due-diligence. The line of credit will provide medium to long-term funding to small and medium sized enterprises (SMEs) through selected financial intermediaries. It will be complemented with a technical assistance component.

Financing of small/medium projects carried out by small and medium sized enterprises or local public entities engaged in the productive sector for the development of financially and technically viable projects in eligible sectors. Improving access to term finance at favourable conditions.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

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).

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