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Signature(s)

Amount
€ 53,000,000
Sector(s)
Services : € 53,000,000
Signature date(s)
4/12/2020 : € 3,000,000
25/10/2017 : € 4,000,000
6/04/2021 : € 4,000,000
20/10/2017 : € 4,000,000
10/07/2020 : € 4,000,000
10/12/2020 : € 5,000,000
10/02/2020 : € 7,000,000
24/10/2019 : € 10,000,000
26/07/2018 : € 12,000,000
Link to source

Summary sheet

Release date
22 June 2016
Status
Reference
Signed | 20/10/2017
20160466
Project name
Promoter - financial intermediary
WEST AFRICA MICROFINANCE FACILITY
Microfinance service providers
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 53 million
not applicable
Location
Sector(s)
Description
Objectives

Framework credit line of up to EUR 50 m to provide medium to long-term funding to micro and small enterprises (MSEs) through selected financial intermediaries in West African countries

This operation is expected to support private sector development by increasing financial inclusion and access to finance for MSEs. This will contribute to employment generation and poverty reduction.

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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