Release date: 5 December 2017
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The Small and Medium-sized Enterprise-focused Regional Facility (SMERF) is a regional credit facility for financial intermediaries to on-lend primarily to Small and Medium-sized Enterprise (SME) projects in the southern African and Indian Ocean regions (excluding South Africa).
Objectives
The project will help finance projects carried out by small and medium-sized enterprises and other final beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 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 - 18/12/2018
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).