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Project Fact Sheet for P-MZ-HAA-001

Project / Programme Title
LINE OF CREDIT TO SUPPORT SMALL AND MEDIUM ENTERPRISES
Brief Project Description
The goal of the industrial sector in Mozambique is to create a modern and competitive sector that will lead economic growth, employment creation, and thus contribute to the Government’s poverty alleviation objectives. The objective of the project is to support the development of small and medium-scale enterprises in Mozambique by enhancing their access to medium to long-term finance. In making resources available to eligible SMSEs, the project will contribute to achieving the sector goal of creating a modern and competitive industrial sector. The project will also assist in preserving existing jobs as well as in generating new ones through the expansion of the activities of benefiting firms, thereby contributing to poverty alleviation in the country. Up to 250 SMSEs are expected to be financed under the project. The project will be focused on SMSEs that meet the following eligibility criteria: i) No outstanding loans in default within the financial system. ii) Total assets of not more than UA 1 million, while size of sub-loans will not be more than US$ 200,000. iii) Owner’s equity contribution to the project shall not be less than 20% of total investment costs. iv) The investment should be technically feasible, financially and economically viable, and environmentally sustainable. v) The investment should lead to the creation and/or sustenance of employment opportunities.
Donor
ADB
Donor Agency / UN Agency
Banco Africano de Desenvolvimento
Government Counterparts
  • Ministério das Finanças
Map
Map

Project Information

Project Status
Completed
Mozambican Project Number
Fonte de Recurso
256BAD
Actual Start - End
2002-06-01 / 2006-05-31
Planned Start - End
2002-06-01 / 2006-05-31
Date of Signature of MoU/Contract
2002-05-23 00:00:00 UTC
National / Regional
National 
Type of Implementation
Multilateral 
Project Contact Person
Mr. Taiwo Adeniji | +261 71 333511 | t.adeniji@afdb.org 
Project Internet Link
 
Comments
 

Funding Information

Aid Modality
Investment Projects
Currency
BUA
Type of Funding
Loan
On/Off Budget
On Budget
On/Off Treasury
Off Treasury
Funding Totals
Disbursements
6,781,422 EUR
Commitments
6,781,422 EUR
Undisbursed
0 EUR
Historic Funding
Disbursements
3,333,168 EUR
Commitments
4,102,000 EUR
Funding 2007
Disbursements
3,895,940 EUR
Commitments
3,163,188 EUR
Disbursements 1st Quarter
3,895,940 EUR
Disbursements 2nd Quarter
0 EUR
Disbursements 3rd Quarter
0 EUR
Disbursements 4th Quarter
0 EUR

Classification

Channel of Delivery
  • Fundo de Fomento a Pequena Industria
  • GAPI S.A.R.L.
Sectors
100.0%
32100 Industry
32130 Small and medium-sized enterprises (SME) development
MDGs
  • Poverty
  • Environment
  • Global Partnership
Focal Regions
National