Date de publication: 3 janvier 2023
Promoteur – Intermédiaire Financier
MOZA BANCO SALieu
Description
The facility provides funding to Moza Banco to further on-lend to small and medium sized businesses (SMEs) and MidCaps in the private sector.
Additionality and Impact
The facility provides funding to Moza Banco for on-lending to eligible SMEs and Midcaps, with a focus on women owned or managed businesses. As such, it will tackle the long-standing credit constraints for SMEs by improving access to credit and tailoring loan terms to the specificities of women led businesses. The facility will carry longer tenors than commonly available in Mozambique thereby supporting Moza Banco to diversify and stabilise its funding structure while ensuring final beneficiaries access financing that matches the economic life of assets financed.
The operation will contribute to addressing the market failure of imperfect/asymmetric information and will provide positive externalities. The project is aligned with national, EU and EIB priorities as it aims to enhance inclusive growth and sustainable economic development in Mozambique by increasing access to finance to SMEs with a specific focus on businesses run and/or managed by women. At the national level, the project responds to the National Strategy of Development (2015-2035) that aims to accelerate measures to reduce poverty levels by increasing employment generation and income for Mozambicans, particularly for women. At the EU level, the project is in line with the Multiannual Indicative Programme 2021-2027 for Mozambique. The project falls under the EIB Gender Strategy which aims at embedding gender equality and women's economic empowerment in the EIB Group's activities. It also contributes to several Sustainable Development Goals.
Objectifs
The aim is to enhance access to finance for small/medium projects impacting positively on gender equality and women's economic empowerment, in line with the 2X Challenge Criteria.
Secteur(s)
- Lignes de crédit - Lignes de crédit
Under Global Europe NDICI guarantee
Under EFSD+ Guarantee
Montant BEI envisagé (montant approximatif)
EUR 10 million
Coût total (montant approximatif)
not applicable
Aspects environnementaux
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Passation des marchés
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Statut
Signé - 20/12/2023
Clause de non-responsabilité
Avant d’être approuvés par le Conseil d’administration et avant la signature des prêts correspondants, les projets font l’objet d’une instruction et de négociations. Par conséquent, les informations et données fournies sur cette page sont indicatives.
Elles sont fournies à des fins de transparence uniquement et ne peuvent être considérées comme représentant la politique officielle de la BEI (voir également les notes explicatives).