Under the Progress Microfinance initiative, EIF has so far signed agreements with the microfinance providers listed below. These institutions act as EIF's intermediaries and provide micro-credit (loans below EUR 25.000) to (future) entrepreneurs and micro-enterprises with fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million.
Here below you will get an overview of the financial intermediaries in your country we work with as well as the products they offer. By clicking on the microfinance provider in your country, you will be redirected to its website. We suggest you contact the intermediary directly to find the eligibiilty criteria and information on how to apply.
Kindly note that the selection of intermediaries participating in Progress Microfinance across the EU is still ongoing, therefore this list will be updated as soon as a new agreement will be signed. In case your country /region is not listed below, yet, we suggest you visit this page regularly for further updates.
For information about finance available under further EU initiatives, please visit http://europa.eu/youreurope/business/funding-grants/access-to-finance/
|Country /Region*||Micro-credit provider acting as
EIF Intermediary under Progress Microfinance
|Austria||Erste Bank der österreichischen Sparkassen AG|
|Belgium (City of Brussels)|
|Crédal Societé Cooperative|
|JOBS Micro Financing Institution EAD|
|Greece||Pancretan Cooperative Bank|
|Hungary||Carion Finanszírozási Centrum Zrt.|
|Italy||Banca di Credito Cooperativo Mediocrati|
|Banca di Credito Cooperativo Emil Banca|
|Banca di Credito Cooperativo Bellegra|
|Banca Popolare di Milano|
*selected under the EIF agreement with SEFEA
|Novo Banco (formerly Banco Espirito Santo)|
|Romania||Libra Internet Bank|
|FAER of RON|
|Vitas IFN Romania|
|Colonya Caixa Pollenca|