InvestEU: €100 million in new microfinance loans targeting small entrepreneurs and farmers across Romania
![Image Invest EU, Next Generation EU, Stronger Together ©European Union](https://ec.europa.eu/newsroom/repository/picture/2022-40/photonews3265_Jt6C6KZ1qp8emiruYShj8rO49AQ_105785.png)
date: 06/10/2022
This is expected to unlock investment of €100 million in new microfinance loans targeting more than 7,500 microenterprises across Romania and to improve access to finance for micro-entrepreneurs and small-scale farmers. The new agreement with BT Mic, the dedicated microfinance subsidiary of Banca Transilvania, Romania's largest banking group, aims to ensure enhanced access to finance for very small entrepreneurs, with a direct impact on job creation and economic development. The new cooperation represents the first operation in Romania to be backed by InvestEU.