Signature(s)
Amount
€ 20,000,000
Countries
Sector(s)
Kenya
: € 20,000,000
Credit lines
: € 20,000,000
Signature date(s)
4/09/2012 : € 6,500,000
21/12/2011 : € 6,500,000
16/12/2011 : € 7,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
9 August 2011
Status
Reference
Signed | 16/12/2011
20110106
Project name
Promoter - financial intermediary
Private Enterprise Finance Facility II Kenya (PEFF II Kenya)
A number of commercial banks operating in Kenya
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 20 million
Not applicable
Location
Sector(s)
Description
Objectives
A line of credit providing long-term funds in KES, EUR and USD to selected intermediary banks in Kenya for the financing of investment projects undertaken by small and medium sized enterprises.
Improve access and terms of financing to facilitate private sector investment in projects that stimulate economic growth.
Environmental aspects
Procurement
Financial intermediaries will ensure that environmental impacts of projects to be financed by PEFF II Kenya will be identified and mitigated by the promoters in accordance with international and/or local standards, as applicable.
Intermediaries will ensure goods and works financed will be procured on a competitive basis, taking into account the nature and size of projects concerned.
Link to source
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Data sheet
Related press
News & Stories
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Photogallery
Photographer: David Blumenfeld
©EIB
Photographer: David Blumenfeld
©EIB
Photographer: David Blumenfeld
©EIB
Photographer: David Blumenfeld
©EIB
Photographer: David Blumenfeld
©EIB
©To be defined