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    Signature(s)

    Amount
    € 53,000,000
    Sector(s)
    Services : € 53,000,000
    Signature date(s)
    4/12/2020 : € 3,000,000
    25/10/2017 : € 4,000,000
    6/04/2021 : € 4,000,000
    20/10/2017 : € 4,000,000
    10/07/2020 : € 4,000,000
    10/12/2020 : € 5,000,000
    10/02/2020 : € 7,000,000
    24/10/2019 : € 10,000,000
    26/07/2018 : € 12,000,000
    Link to source

    Summary sheet

    Release date
    22 June 2016
    Status
    Reference
    Signed | 20/10/2017
    20160466
    Project name
    Promoter - financial intermediary
    WEST AFRICA MICROFINANCE FACILITY
    Microfinance service providers
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 53 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    Framework credit line of up to EUR 50 m to provide medium to long-term funding to micro and small enterprises (MSEs) through selected financial intermediaries in West African countries

    This operation is expected to support private sector development by increasing financial inclusion and access to finance for MSEs. This will contribute to employment generation and poverty reduction.

    Environmental aspects
    Procurement

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

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

    Link to source

    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).

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