Project Description
Supported by the EU, the project operates within the European Fund for Sustainable Development Plus (EFSD+) guarantee programme. This initiative introduces an innovative first loss risk cover, currently available in the southern and eastern Mediterranean region (Egypt, Jordan, Morocco, Tunisia, Lebanon and the West Bank and Gaza) and eastern Europe and the Caucasus (Armenia, Azerbaijan, Georgia, Moldova and Ukraine). The EFSD+ financial inclusion programme empowers MSMEs, fostering their competitiveness and growth. By offering effective financial tools and expertise, the programme aims to drive development and create jobs.
Project Objectives
Loan to promote further women's entrepreneurship and women's participation in business facilitating access to finance, know-how and advice. It will further strengthen ACBA's customer base and continue supporting and encouraging the development of new products in the local banking sector with specific focus on women-led SMEs and growth of medium and long-term financing.
