Guarantee facility to support financial intermediaries in financing underserved micro- and social enterprises during the coronavirus pandemic.
Main purpose: Incentive financial intermediaries to continue to provide financing to micro-borrowers, micro-enterprises and social enterprises hit by the economic consequences of the coronavirus pandemic.
Programme: Employment and Social Innovation Programme (EaSI)
Amount: Microfinance providers can receive up to €25,000 and social entrepreneurship up to €500,000
Financing type: Capped guarantees and counter-guarantees
Who is eligible: Targeted towards intermediaries who have already entered into a guarantee contract with the EIF, and to intermediaries that have already been selected. New applicants should note that the total amount of applications already received exceeds the EU budget available under the EaSI Guarantee instrument. Any new applications may be considered should additional resources become available.
More information: https://www.eif.org/what_we_do/microfinance/easi/easi-guarantee-instrument/index.htm
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