The Algerian Democratic and People's Republic
Development of Small and Medium Industries
Loan No.: 339 Interest Rate: 4.5% Beneficiary: Algerian Bank for Development Grace Period: 5 years Project Cost: KD 14.88 million Maturity: 22 years Amount of Loan: KD 10.00 million Repayment: 35 semi-annual installments Date of Loan Agreement: 11/05/1997 First Installment: 5 years following the first disbursement Date of Effectiveness: 25/10/1997
Objectives:
The project aims at increasing industrial production and promoting the private sector through providing subsidiary loans to finance small and medium-sized industrial projects.
Description:
The project is expected to be completed by the end of the year 2001 and consists of a number of subsidiary loans by the Algerian Bank for Development to the private sector in order to finance a number of investment projects in various processing industries. Projects to be financed include those involved in the purchase and installation of machinery, equipment and spare parts, the construction of project-related buildings, and consulting and technical services. Projects fall under two categories: firstly those with total investments less than KD 600,000 and secondly, projects with total investment between KD 600,000 and KD 1.5 million.
Financing:The Arab Fund’s loan constitutes 67% of total project cost. Of the remaining 33%, 3% will be covered by Algerian Bank for Development and the remaining 30% by the private sector.
Home | About AFESD | Member States | Board of Directors | Operations | Resources | Loans | Technical Assistance | AFESD Contacts | Tour Headquarters | Special Interest
Copyright © 1998 1999 AFESD; All Rights Reserved.
