Reference:
20090348
Release date: 23 November 2009
Release date: 23 November 2009
Promoter – Financial Intermediary
Sponsor: The Lebanese Association for Development – Al MajmouaLocation
Description
A USD denominated loan under global authorisation to a Lebanese microfinance institution.
Objectives
Proceeds from the loan will be used to extend credit to small and micro-enterprises across Lebanon, both in the form of individual loans and group loans.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to the USD equivalent of EUR 2 million.
Total cost (Approximate amount)
Not applicable
Environmental aspects
N/A (intermediated private sector investment).
Procurement
N/A (private sector investment).
Status
Under appraisal - 7/05/2010
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).