Successful applicants will have access to loans worth €237 million under the European Programme for Employment and Social Innovation (EaSI). The European Investment Fund (EIF), which manages the EaSI guarantee on behalf of the European Commission, and six finance institutions have signed guarantee agreements to support the programme. The scheme will also be backed by the European Commission which will contribute €17 million to the guarantees.
The six guarantee agreements target those who wish to start or further develop their own micro-enterprises; in particular people who have difficulties in entering the job market or accessing finance.
Photo: The European Commission and the European Investment Fund aim to help micro-businesses.