📋 Tender Overview
Location: Poland
Project number: 54938
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
EBRD Finance Summary: EUR 3,000,000.00
Total Project Cost: EUR 3,000,000.00
Project Description
Provision of a senior secured loan to UAB Noviti ("Noviti") in the amount of up to EUR 3 million in PLN equivalent, under the Financial Intermediaries Framework ("FIF"), in two tranches. Maturity of the loan is three years, including one year grace period for principal repayment.
Project Objectives
The facility will enable Noviti to further expand lending to micro, small and medium-sized enterprises ("MSMEs") in Poland. The project will also address the financing gap for women in Poland by allocating at least 40% of the EBRD's loan to women-led MSMEs.
Transition Impact
ETI score: 60
The project supports the Competitive and Resilient Transition Impact qualities by facilitating: (i) expansion of Noviti's MSME lending in Poland with a focus on reaching regional clients outside Warsaw, including through a fintech business model; and (ii) resilience by helping ensure prudent practises and adequate portfolio quality. The project is also gender additional through Noviti's committment to support women-led MSMEs.
