What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin SME Venture Capital
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Malta
The SME Initiative Spain
Microfinance
EaSI Guarantee Financial Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Dutch Venture Initiative (DVI-II)
European Recovery Programme (ERP)
EstFund
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
JEREMIE - Regional development
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Technology Transfer Accelerator Turkey (TTA)
The EIB Group Risk Enhancement Mandate (EREM)
FOSTER TPE-PME Languedoc Roussillon Midi Pyrénées
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
  •  
    Date: 24 June 2015 - 30 September 2023
EC logo

The European Commission’s new Programme for Employment and Social Innovation ("EaSI") aims at contributing to the implementation of the Europe 2020 strategy by supporting the EU's objective of high level employment, guaranteeing adequate social protection, fighting against social exclusion and poverty and improving working conditions.

EIF has been entrusted by the European Commission to manage and implement the EaSI Guarantee Financial Instrument, which is funded from the EaSI Programme and is specifically dedicated to microfinance and social entrepreneurship finance pursuing the following objectives:

The EaSI Guarantee Financial Instrument builds on the success of the European Progress Microfinance Facility (Progress Microfinance) an EU initiative launched in 2010 and managed and implemented by EIF.

How does the EaSI Guarantee Financial Instrument work?

EIF does not provide any type of finance to micro-entrepreneurs or social enterprises directly. Through the EaSI Guarantee Financial Instrument, EIF offers guarantees and counter-guarantees to financial intermediaries which are selected after an application under a Call for Expression of Interest followed by a due diligence process. Once selected by EIF, these partners act as EaSI financial intermediaries.

Thanks to the risk-sharing mechanism between the financial intermediaries and the European Commission, the EaSI Guarantee enables selected microcredit providers and social enterprises investors to expand the range of enterprises they can finance, facilitating access to finance for target groups who might be having difficulties in accessing the conventional credit market.

Who can benefit from the EaSI Guarantee Financial
Instrument and what products will be offered by EaSI financial intermediaries?  

Under the EaSI Guarantee Financial Instrument, EIF is providing capped guarantees and counter-guarantees covering loan portfolios in the microfinance and social entrepreneurship segments.

Microfinance

Social Entrepreneurship

Portfolios of Micro-loans up to EUR 25,000 for: Portfolios of debt financing products (including loans, mezzanine loans,subordinated debts, leases and profit-sharing loans) up to EUR 500,000 for:
Micro-borrowers

Vulnerable persons who have lost or are at risk of losing their job, or have difficulty in entering or re-entering the labour market, or are at risk of social exclusion, or are socially excluded, and are in a disadvantaged position with regard to access to the conventional credit market and who wish to start up or develop their own micro- enterprises.

Micro-enterprises
Micro-enterprises in both start-up and development phase, especially micro-enterprises which employ persons as referred to in the above mentioned definition of Micro-borrowers.
Social Enterprises
Enterprises with either an annual turnover not exceeding EUR 30 million, or an
annual balance sheet total not exceeding EUR 30 million which are not
themselves a collective investment undertaking.

Who is eligible to become EIF’s financial intermediary under the EaSI Guarantee Financial Instrument?

Eligible financial intermediaries are public and private bodies established on a national, regional or local level in one or several EaSI Participating Countries, authorised to provide microcredit for persons and microenterprises and/or financing for social enterprises.

Examples of intermediaries potentially eligible for an EaSI Guarantee Financial Instrument are:

  • in respect of the field of microfinance: financial institutions, microfinance institutions/providers, leasing companies, guarantee schemes, guarantee institutions or other institutions authorized to provide microfinance loans/guarantees or risk-sharing structures according to the applicable legislation;
  • in the field of the social entrepreneurship: financial institutions, guarantee schemes, guarantee institutions, foundations, family offices, social investment funds or other institutions duly authorised to provide loans/guarantees or risk-sharing structures according to the applicable legislation.

At the date of publication of the Call for Expression of Interest, the countries covered by the EaSI Programme comprise EU Member States, Iceland and Turkey and may include other associated countries having entered into relevant agreements with the European Union. Additional eligible EFTA, Candidate and Potential Candidate countries may be added to the Participating Countries.

How to apply to EaSi Guarantee Financial Instrument

For financial institutions:

If you are eligible, you can apply by downloading all the application documents published here below by 30 September 2023. EIF will select intermediaries after a due diligence process. 

For entrepreneurs and micro-enterprises:
Are you looking for a micro-loan? Download here the list of financial intermediaries currently operating under the EaSI Guarantee Financial Instrument.
For information about finance available under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance/


 
 

Copyright ©

 European Investment Fund 2016 – The European Investment Fund is not responsible for the content of external internet sites.