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Microfinance and Social Entrepreneurship axis of EaSI

Microfinance and Social Entrepreneurship axis of EaSI
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The Microfinance and Social Entrepreneurship (MF/SE) axis supports actions in two thematic sections:

  • microcredit and microloans for vulnerable groups and micro-enterprises;
  • social entrepreneurship.

Until 2016, Progress Microfinance will run alongside the new MF/SE programme.

Objectives

  • Increase access to, and the availability of, microfinance for vulnerable groups who want to set up or develop their business and micro-enterprises.
  • Build up the institutional capacity of microcredit providers.
  • Support the development of social enterprises, in particular by facilitating access to finance.

Who can participate?

  • EU countries;
  • EEA countries, in accordance with the EEA Agreement, and EFTA countries;
  • EU candidate countries and potential candidate countries, in line with the framework agreements concluded with them on their participation in the Programmes.

The European Commission does not directly finance entrepreneurs or social enterprises, but enables selected microcredit providers and social enterprise investors in the EU to increase lending.

Organisations that can apply for funding are public and private bodies established at national, regional or local level and providing microcredit for persons and microenterprises and/or financing for social enterprises in these countries.

Funding

21% of the total EaSI budget will be allocated to MF/SE.

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