WOMEN AND YOUTH EMPOWERMENT LOAN - WEMA

Promoteur – Intermédiaire Financier

WEMA BANK PLC

Lieu

• Nigéria

Description

The credit line will support eligible investments made by small and medium sized enterprises (SMEs), midcaps and young entrepreneurs in Nigeria in line with the 2X CHALLENGE criteria.

Objectifs

The aim is to enhance access to finance to the target beneficiaries operating in eligiblesectors such as transport, agriculture value-chain, manufacturing, tourism and services. A minimum of 50% of the loan amount will be targeting businesses owned, run, employing or primarily serving women to promote gender inclusion and women empowerment in businesses, in line with the 2X Challenge criteria. At least 50% of the loans will specifically contribute to the private sector inclusive growth, decent job creation for young people and youth entrepreneurship.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Montant BEI envisagé (montant approximatif)

EUR 50 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate. Wema Bank PLC is in scope of EIB's Paris Alignment Framework (PATH) which supports counterparties on their pathways to align with the Paris Agreement.

Passation des marchés

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Statut

À l'examen