Connect with us

Employment

#EUProgrammeForEmploymentAndSocialInnovation - €200 million for microfinance institutions and social enterprise lenders across Europe

SHARE:

Published

7 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Union, the European Investment Fund (EIF), and the European Investment Bank (EIB) have launched a €200 million loan fund to support lending to micro-enterprises and social enterprises under the EU Programme for Employment and Social Innovation(EaSI). Commenting on the new EaSI loan fund.

Employment, Social Affairs, Skills and Labour Mobility Commissioner Marianne Thyssen said: “We are delighted about the launch of this new loan fund under our Programme for Employment and Social Innovation that will give a sizeable boost to microfinance institutions and social enterprise lenders in Europe. This new fund is another addition to the toolbox of EU level instruments dedicated to social finance. Moreover, it reflects the EU's unwavering commitment to delivering on the European Pillar of Social Rights, building a more inclusive and fairer Europe, and supporting equal opportunities and access to the labour market.”

In line with the EU's policy objectives, the fund will promote microfinance and social entrepreneurship in member states and other participating countries, by encouraging microfinance institutions and social enterprise lenders to increase funding for micro-enterprises as well as social enterprises as a means of supporting financial and social inclusion. The loan fund will provide senior and subordinated loans to microfinance institutions and social enterprise lenders in order to boosting their lending capacity. It expands the range of EU level financial instruments available under the EaSI programme. More information is available here.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending