Fif Evocabank Sme Tender

Project ID: 53437
Status: Approved
Location: Armenia
Business Sector: Financial Institutions
Notice Type: Private
Project Description
Provision of a senior unsecured loan to Evocabank in the amount of up to EUR 10m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia.

Project Objectives
The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Evocabank to increase its outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside of the capital and attracting new MSME clients. 20 per cent of the loan proceeds will be related to Green Economy Transition (GET) investments.