Employment and social innovation: new loans worth €8 million for small businesses in Lithuania
The Lithuanian Credit Union LKU Group (LCCU) has signed a guarantee agreement with European Investment Fund (EIF) under the EU programme for Employment and Social Innovation (EaSI). The guarantee will back a portfolio of around 320 new microloans to small businesses and micro-enterprises in Lithuania, for a total of up to €8 million
Covid-19 support measures: EU backing for micro-lending in Lithuania
With EU-backing, over 300 Lithuanian micro-enterprises are set to get access to finance through a guarantee deal between the European Investment Fund (EIF) and fintech company Faktoro.
Update of the European Code of Good Conduct for Microcredit Provision
The Directorate-General for Employment, Social Affairs and Inclusion is leading a process to update the European Code of Good Conduct for Microcredit Provision.