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)  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 :   


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