Any public and private institutions providing microfinance loans and/or guarantees to self-employed individuals or micro-entreprise owners established in the 27 EU countries.
What are the benefits?
The opportunity to:
If applying for microcredit guarantees – no cost other than a potential commitment fee.
If applying for funded instruments – prices reflect market conditions and applicable reference rates, country and counterparty risk premium, competition, and expense coverage.
To apply for microcredit guarantees (direct or counter-guarantees), reply to a call for expression of interest on the European Investment Fund website.
To apply for funded instruments (different forms of loans and equity investments) through a Special Investment Fund allowing microcredit providers to increase their lending activities towards (future) entrepreneurs, send an expression of interest to email@example.com at the European Investment Fund.
The European Investment Fund (EIF), which manages Progress Microfinance, considers: