Release date: 17 September 2013
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
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.
Objectives
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.
Comments
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 19/03/2014
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).