Release date: 26 November 2001
Promoter – Financial Intermediary
Industrial Development CorporationLocation
Description
Global loan facility for small and medium scale project finance in the manufacturing, agro-industry, tourism, and mining sectors
Objectives
Long term loan finance for the development of small and medium scale businesses in South Africa. Job creation and economic empowerment are key objectives of the project.
Comments
Global Loan for SMEs
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 million
Environmental aspects
IDC’s environmental guidelines for project lending to be maintained ; all allocations to comply with EIB’s environmental reporting requirements.
Procurement
Global loan operation: EIB funding will be made available to private sector promoters who are motivated to procure goods and services in a cost-effective fashion.
Status
Signed - 28/11/2002
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).