Key facts
- Implementing Partner:
EIB
- Guarantee volume:
up to €100 million
- Global Gateway areas of partnership:
Multisectoral
- Sectors:
Micro, small and medium-sized enterprises (MSMEs)
- Geographical focus:
Sub-Saharan Africa and the European Neighbourhood
- Type of support provided:
Financing
- Types of investments:
partial portfolio guarantees
- Investment period:
open for investments until December 2024
Description
The programme targets small and medium-sized enterprises (SMEs) as well as groups with limited or no access to finance, particularly start-ups, women-led businesses and businesses led by young people. The goal is to address some of the root causes of migration. It does so through partial portfolio guarantees. These allow local banks to take on more risk and improve lending conditions by offering lower interest rates and/or reducing collateral requirements. The program protects local banks against the amount that is exposed first to any loss suffered on the loan portfolios. It also covers the risk of bank guarantees and letters of credit to small businesses. If the borrowing party cannot repay, the financial institution will step in on behalf of the borrower.
How can businesses and investors get involved?
If you are a business representative or an investor with an interest in this guarantee program, we recommend getting in touch directly with the EIB.
Contact: SMEAccess2Finance
eib [dot] org (SMEAccess2Finance[at]eib[dot]org)
About EIB Global
EIB Global is the arm of the European Investment Bank that works beyond the EU. Launched in January 2022, it supports climate action, economic growth and development. The great challenges of today are global poverty, energy shortages, pollution, lack of clean water and sanitation, flooding, drought, extreme weather events. EIB Global is fighting all these problems and increasing the impact of limited development money.