What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
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
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
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
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded 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
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

AGRI Guarantee Facility

EC logo

EIF’s AGRI is a new initiative managed by EIF on behalf of the European Commission that aims to facilitate greater access to finance to Farmers, Agricultural holdings, Cooperative, Rural micro- or small enterprise, Forestry business) in the EU member states who are often considered to be riskier final recipients. 

By offering reduced overall interest rate and/or collateral requirements via selected financial intermediaries, the initiative’s objective is to increase the amount of finance made available to agriculture, agro-food, forestry and rural businesses. It also support the creation and development of non-agricultural activities in rural areas and forestry technologies.

This instrument provides a high leverage creating larger market impact of European Agricultural Fund for Rural Development (EAFRD) and national/regional resources. As a guarantor, EIF is acting in its own name but for and on behalf of, and at the risk of the region/ EU Member State participating in the Facility.

Who is eligible* to become an EIF’s financial intermediary under the AGRI Guarantee Facility?

  • Guarantee institutions, guarantee schemes or other Financial or credit institutions, leasing companies or loan funds duly authorised to carry out lending or leasing activities or issue guarantees in accordance with applicable laws and regulations, established and operating in a participating country;

You are a Financial Intermediary: what are the benefits?

  • The first loss portfolio guarantee enables selected financial intermediaries to undertake greater business volumes by providing credit risk coverage on a loan by loan (or lease by lease basis) for the creation of a portfolio of loans (or leases) with a maximum loss amount of up to 25%. This cap rate ensures an alignment of interest on the financial intermediaries’ side.
  • Selected Financial intermediaries build up a new portfolio of loans (or leases) under this initiative within an agreed period ranging between 3 to 5 years. The guarantee can also be structured as a counter-guarantee instrument, or may be combined with other EIB Group financing facilities, subject to a separate loan application process
  • Coverage of losses at portfolio level, up to the portfolio cap which is set in accordance with the estimated expected and unexpected loss;
  • Quick payment in case of default;
  • Additional benefits stemming from EIF’s multilateral development bank status – for example, EIF guarantee may offer capital relief (subject to the Regulator’s approval).

You are a Managing Authority: what are the benefits?

  • Quick and easy access to funding by final recipients ensuring a fast achievement of the programmes’ targets;
  • High leverage of this type of instrument (leverage is known ex ante) minimum 3-4 times, depending on the guarantee rate and guarantee cap rate set in advance;
  • Strong partner in relationships with financial intermediaries;
  • Adaptable parameters such as the guarantee rate or the availability period according to needs during the development process;
  • Attraction of additional private resources that are adding to the volumes disbursed in the economy;
  • Revolving instrument enabling you to finance additional final recipients with little resources;
  • Significant visibility of the instrument;
  • Lower national contribution due to higher EAFRD contribution rate;
  • Regular updates by EIF on the progress of the implementation;
  • Annual reporting cycle.

*For details about eligibility criteria, your roles and responsibilities please refer to the call for expression of interest documents and to the AGRi leaflet or contact EIF at: agri@eif.org

How to apply 

For financial institutions:

EIF will select Financial Intermediaries after a call for expression of interest process. After applying, you will have to be pre-selected before the EIF undertakes to start a full due diligence process and brings the proposal further in the approval process. The first pilot project was developed in collaboration with the Managing Authority of the French region Languedoc Roussillon Midi Pyrénées For details, refer to the Call for Expression of Interest for the Financial Instrument “Capped Guarantee published at: FOSTER EAFRD Fund-of-Funds.

For entrepreneurs (Farmer, Agricultural holding, Cooperative, Rural micro- or small enterprise, Forestry business, or other eligible SMEs based in the EU member states):
To apply for a loan, you must contact the financial intermediaries selected for each country. The facility will start rolling out in 2016 and financial intermediaries will start operating under it gradually. Further information will be posted on this webpage as soon as it is available. For information about finance available under further EU initiatives, please visit  www.access2finance.eu  

Financial Istruments within the EAFRD in Estonia - Case study

EAFRD in Estonia case study (video


We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.