EPMF - Micro-credit Guarantees for intermediaries

Under the European Progress Microfinance Facility (EPMF), EIF provides capped guarantees partially covering portfolios of micro-credits or of guarantees on micro-credits to selected intermediaries authorised to provide microfinance instruments (financial institutions, microfinance institutions, guarantee institutions). EPMF offers two product lines to eligible intermediaries:

Micro-credit Direct Guarantees

Covering portfolios of micro-credits to encourage intermediaries to provide financing to micro-enterprises, including self-employed persons.

EPMF_direct_guarantees

Micro-credit Counter-Guarantees

Covering portfolios of guarantees on micro-credits to encourage intermediaries to provide further coverage on portfolio of financing to micro-enterprises, including self-employed persons.  

EPMF_counterguarantees

Who can apply to become an EIF Intermediary in the framework of the EPMF?

Institutions wishing to build up a portfolio of micro-financing or of guarantees on micro-financing and interested in applying to benefit from microcredit guarantees must be established and operating on national, regional or local levels in the EU Member States and providing micro-financing to persons and micro-enterprises established in the EU-27 Member States.

Applications can be made until 31 December 2013 or any later date as a result of any subsequent prolongation, subject always to the availability of budgetary funds.


 
 

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