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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
Updated European Code of Good Conduct for Microcredit Provision enters into force on 1 January 2021
The transition period of the updated Code, published on 30 June 2020, will end on 31 December 2020. As of 1 January 2021, all new Code evaluations of microfinance institutions will be made based on the updated Code.
EaSI programme engages organisations across Europe
The Employment and Social Innovation (EaSI) programme supports organisations throughout the European Union and other European countries. The degree of participation differs from country to country and depending on the call for proposal.
Take part in the survey on the European Code of Good Conduct for Microcredit Provision
Thre survey will be feeding into a study, conducted by the University of Salford on behalf of the European Commission, focusing on the impact of the Code on the microfinance sector.
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.