Release date: 22 June 2016
Promoter – Financial Intermediary
Microfinance service providersLocation
Description
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
Objectives
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.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 53 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 - 20/10/2017
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).