The European Progress Microfinance Facility was a microfinance initiative, launched and managed by EIF in the 2007-2013 programming period and funded by the European Commission and the European Investment Bank. Its financial resources have been fully deployed through selected financial intermediaries across the EU, which have provided micro-loans to micro-entrepreneurs.

In the new 2014-2020 programming period, under the European Commission’s Programme for Employment and Social Innovation (EaSI), EIF is managing the EaSI Guarantee Financial Instrument which is specifically dedicated to microfinance and social entrepreneurship finance.

Progress Microfinance aimed at supporting eligible intermediaries to enhance their capacity to provide micro-credits and guarantees on micro-credits to micro-enterpeneurs through the following products:

  • Four types of funded instruments (loans and equity investments): Senior Loans, Subordinated Loans, Risk-sharing Loans and Equity Participations
  • micro-credit guarantees (direct or counter-guarantees) 

Read more about Progress Microfinance :   

How to apply

For financial institutions:
Please note that resources under this programme are fully deployed. Please visit the page related to the EaSI Guarantee Financial Instrument to read and download the application procedure. EIF will select intermediaries after a due diligence process.

For SMEs:
If you are looking for finance, see here the list of Progress Microfinance selected financial intermediaries. Please visit http://www.eif.org/what_we_do/where/index.htm for a more comprehensive list of our intermediaries split by country. Please note that the selection of financial intermediaries under EaSI - Progress Microfinance successor programme is ongoing.
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.