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EU Microfinance support - Become a microcredit provider under Progress Microfinance

Who is eligible?

Any public and private institutions providing microfinance loans and/or guarantees to self-employed individuals or micro-entreprise owners established in the 28 EU countries.

What are the benefits?

The opportunity to:

  • increase loan volumes and attract new customers
  • attract new investors from the private sector and make the shareholding structure more sustainable
  • develop pilots and benefit from economies of scale
  • adopt sustainable measures to promote employment.

What does it cost?

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.

How to apply

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 at the European Investment Fund.

How are microcredit providers selected?

The European Investment Fund (EIF), which manages Progress Microfinance, considers:

  • compliance of applicant institutions with standard banking requirements
  • experience in microfinance
  • financial standing
  • financing capacity
  • operational capabilities
  • expected impact (e.g. volumes and geographical reach).

Further information – European Investment Fund website

Guarantees and funded instruments, including the application procedure (EN only)

European Progress Microfinance Facility (EIF site) (EN only)