| Project Detail |
This EIB financing to Access Bank Plc aims to enhance access to loan finance to private sector entities in Nigeria, mostly small and medium sized enterprises (SMEs) and Midcaps, with a particular focus on those owned or managed by women.
Objectives
The EIB loan will be entirely used to finance eligible investments made by SMEs and Midcaps in sectors such as transport, agriculture value-chain, manufacturing, tourism and services. A minimum of 30% 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.
Sector(s)
Credit lines - Credit lines
Under Global Europe NDICI guarantee
The proposed operation is expected be covered by the comprehensive guarantee granted to the EIB under the Dedicated Investment
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
not applicable |
