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Coronavirus: EIF and European Commission launch new measures supporting micro- and social enterprises under the EUR 400m EaSI Guarantee instrument
The European Investment Fund (EIF) and the European Commission are launching new COVID-19 support measures under the EaSI Guarantee Instrument (EaSI) to enhance access to finance for micro-borrowers, micro- and social enterprises.
The updated European Code of Good Conduct for Microcredit Provision has been published
The Commission has updated the European Code of Good Conduct for Microcredit to reflect the changing market realities and capture the wide diversity of providers within the microfinance sector in Europe. It will enter into force on 1 January 2021.
Nine microfinance institutions awarded under the European Code of Good Conduct for Microcredit Provision
On 13 February 2020, nine microfinance institutions were awarded the European Code of Good Conduct for Microcredit Provision, a quality label that promotes best practices within the microfinance sector.
A boost for social enterprises in Europe - new report available
To boost social enterprise, 16 EU countries have adopted new legislation during the past decade and 11 countries have created explicit policies to support its development, according to a new synthesis report 'Social enterprises and their ecosystems in Europe'.
14 microfinance institutions awarded under the European Code of Good Conduct for Microcredit Provision in 2019
14 microfinance institutions were awarded under the European Code of Good Conduct for Microcredit Provision, a self-regulation instrument and quality label that promotes best practices within the sector.
New EaSI fund launched
The new fund called EaSI Funded Instrument has been launched with a loan fund of €200 million to boost the lending capacity of microfinance institutions and social enterprise lenders in Europe.
Participation in the EaSI programme
The Employment and Social Innovation (EaSI) programme supports organisations throughout the European Union and other European countries participating in the programme. The degree of participation differs from country to country and from call for proposals to call for proposals.
Vilnius Factoring Company to issue €10m in new microloans
Micro-enterprises and farmers in Lithuania can now benefit from non-banking business funding opportunities under the EU Programme for Employment and Social Innovation (EaSI). Vilnius Factoring Company, a private lending company in Lithuania, has signed a cooperation agreement with the European Investment Fund (EIF) to issue microloans of up to €25,000.
First operations to support microfinance in Romania under EaSI
Thanks to financial support under the Capacity Building Investments Window of EaSI (Programme for Employment and Social Innovation), two microfinance institutions in Romania will have more capacity to provide microloans to small businesses.
Call for expressions of interest: EaSI technical assistance for microfinance
The European Commission is seeking expressions of interest from microfinance institutions wishing to improve their operations, performance and governance with a view to boosting their institutional capacity.