What we do
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
Debt products
AGRI Guarantee Facility
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
EaSI Guarantee Financial Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
EFSI Equity instrument
Regional Development - Country and sector-specific initiatives
Baltic Innovation Fund (BIF)
Dutch Venture Initiative (DVI-II)
European Recovery Programme (ERP)
FOSTER TPE-PME Languedoc Roussillon Midi Pyrénées
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
LfA-EIF Facility
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
The EIB Group Risk Enhancement Mandate (EREM)
Western Balkans Enterprise Development & Innovation Facility II (WB EDIF II)
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/


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