Release date: 23 August 2024
Promoter – Financial Intermediary
Not disclosed.Location
Description
Operation to finance micro, small and medium sized enterprises in the Dominican Republic. The EIB loan will contribute to two Global Gateway Investment Agenda priorities, namely, women empowerment and gender equality by financing small-scale projects by micro-entrepreneurs with a focus on women borrowers (50%), and combat sargassum, a seaweed whose proliferation in the Caribbean has negative impact on the marine ecosystem, fishing and tourism. It is proposed to allocate 30% of the EIB loan to sargassum-related projects.
Objectives
Financing of micro-entrepreneurs and small and medium sized enterprises in the Dominican Republic with a focus on women borrowers (50%). A third (30%) of the operation will be allocated to borrowers making use of sargassum, a seaweed whose proliferation in the Caribbean has negative impact on the marine ecosystem, fishing and tourism.
Sector(s)
- Credit lines - Credit lines
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Proposed EIB finance (Approximate amount)
not disclosed
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 - 19/09/2024
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).