What is the European Progress Microfinance Facility?

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.

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

  • micro-credit guarantees (direct or counter-guarantees) - product resources full deployed
    Please note that the funds for the micro-credit guarantees (direct or counter-guarantees) product have been fully disbursed to selected financial intermediaries

A new micro-credit guarantee product, EaSI Guarantee Financial Instrument is now available under the European Commission’s Programme for Employment and Social Innovation and is specifically dedicated to microfinance and social entrepreneurship finance.

Read more about Progress Microfinance :   

How to apply

For financial institutions:
If you are eligible, you can still apply until to Progress Microfinance funded instruments (loans and equity investments) until April 2016 by downloading the related application documents. 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/


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