Release date: 4 December 2019
Promoter – Financial Intermediary
ASSOCIATION AL AMANA POUR LA PROMOTION DES MICROENTREPRISESLocation
Description
The EUR 3m loan operation will finance the portfolio of Al Amana Microcredit, the largest microfinance institution in Morocco, which provides economic and social development solutions focusing on financial inclusion for micro- entrepreneurs.
Objectives
The project will provide access to finance for micro/small enterprises specifically targeting women, youth and the poorest people living in rural areas.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 3 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
Approved - 13/01/2020
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).