Page 11 - EIF_CIP case studies

Raoul always wanted to own his own business and had explored the market far and wide. In his home country, the Netherlands, Raoul and his wife always had a passion for cooking. He had dreamt of opening a charming, warm and friendly restaurant in the countryside, so when he moved to France a few years ago and saw the lovely rural farmhouse in Vaucluse, he could not resist its charms.

When he heard about the opportunity to get a loan from the fnancial intermediary SIAGI, backed by the EIF under the CIP programme, to help him open his new restaurant, he jumped at the opportunity.

The fnance has helped Raoul’s business to grow rapidly. He now employs fve people for his busy dining and kitchen area and is hoping to add another two to his team in the near future.

Now that he has received a EUR 149,000 loan, he hopes to start cooking up a new special service. Maybe this will become a new Michelin-starred restaurant – who knows?

Company: Le Grand Pré, Roaix Type of business: Restaurant EU-guaranteed loan from SIAGI: EUR 149,000

FRANCE

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Finance on a plate