Release date: 28 October 2022
Promoter – Financial Intermediary
BANQUE DU CAIRELocation
Description
Through this EIB operation, Banque du Caire (BdC) will be able to provide micro-loans to micro-entrepreneurs and enhance access to finance to the most vulnerable population in Egypt.
Objectives
The aim is to strengthen the support provided by BdC to underserved and unserved businesses in Egypt, mainly micro or small enterprises located outside the main urban economic centres of Cairo and Alexandria, as well as people largely excluded from the financial services.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with the applicable national legislation and with the EIB Environmental and Social Standards.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 15/02/2023
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).