PORTUGAL – SOFID

Donor: 
Bilateral
Geographical focus: 
Global
Africa
Americas
Thematic focus: 
Tourism in general
Intro text: 
Created in 2007 with the mission to contribute to the sustainable development of the countries with less developed economies, linked with the general strategy for the Portuguese cooperation and the Official Development Assistance (ODA)

Official website

http://www.sofid.pt/en/a-sofid-en

Who can apply?

Businesses with societal participation/minimum Portuguese stocks of 20 %, including: 1. Private enterprises (small-medium and large firms); 2. public entities, if only they are managed in a commercial way.

Objectives and activities

Private sector sustainable activity financing is a fundamental pillar for the economic and social development of the eligible countries. By offering financial products and services to private and public companies (as long as they are commercially managed), SOFID has to contribute to the increase of productive and commercial relations between Portugal and emerging and developing countries in order to boost their economic and social progress.

Type and level of funding

Loans, Guarantees, Equity. Loans: minimum amount per borrower = € 250,000. Guarantees up to € 2.5 mio.