Release date: 2 February 2010
Promoter – Financial Intermediary
Banco ADEMI
Contact: Mrs. Ramona Rivas, Finance VP
Location
Description
Line of credit to provide financing to micro, small and medium-sized enterprises in rural areas in the Dominican Republic.
Objectives
Financing of investments of micro, small and medium scale supporting the growth and development of rural enterprises, mainly in the agro-fishery sector, thereby contributing to rural employment, economic growth and diversification.
Sector(s)
Proposed EIB finance (Approximate amount)
Local currency financing in Dominican Pesos for the equivalent of EUR 5 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The promoter will ensure that the projects to be financed will comply with the EIB’s environmental standards. The promoter’s appraisal processes include an environmental review to verify that the projects are in compliance with the relevant national and regional environmental legislation.
Procurement
The promoter ensures compliance with the Bank’s procurement guidelines when supporting procurement by the final beneficiaries.
Status
Signed - 1/11/2010
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).