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

Nikoleta’s Sweet Creations: the sweet side of life


“They told me not to, but you know, I’m pretty stubborn,” explains Nikoleta Dala, founder of Nikoleta’s Sweet Creations, a patisserie shop in Glykorizo, Arta, in Greece. “I used to make pastry a lot at home, like a hobby. It just snowballed really, and became bigger and bigger, until it got the point that I decided to set up my own business and open a proper shop. Both my husband and my father were reluctant in the beginning. They were afraid of the risk. But if you don’t risk, you don’t gain anything, right? Now they’ve both come round and are rubbing their eyes in disbelief.” With demand soaring, Nikoleta decided to make the move and set up her own shop. “I couldn’t continue to work from home. I wanted a professional space, and to be able to connect with people,” she says.

With an EU-guaranteed loan from the Cooperative Bank of Epirus, backed by the EIF, Nikoleta was able to renovate and fully equip her shop. “It used to be a restaurant, so we needed to completely change it, to buy fridges, ovens, mixers, things like that. Had I relied entirely on savings, the whole thing would have taken a lot longer.” The shop opened just in time for the Christmas period, in November 2020. “The Christmas period is important, especially with traditional things like melomakarona and kourabiye,” she explains. “It was a good season.”

The expertise comes from a patisserie course she did in the city of Giannena. “They were against that too. But I needed to get the certification if I wanted to open a shop. It was expensive, but it had to be done,” she explains.

Today, Nikoleta estimates that she attracts about 1/3 of Arta’s market, working 7 days a week, from 10am to 7pm, “but I often stay later, until 9pm if necessary. I run the shop alone. I really want to create everything myself and make the sale with a personal touch too. I don’t want to just sell someone else’s creations,” she explains. Nikoleta puts a lot of herself into her work, using only fresh products. “I really enjoy cakes with special designs, like for children’s parties. Things like tractors, cars, using multiple-layers…but the best-sellers are the chocolate cake and the strawberry tart.”

With 3500 followers on her Facebook page, 90% of her orders are online. “Social media is very important,” she notes. Looking back at her path, Nikoleta has a clear opinion about entrepreneurship: “You need to be sure about what you’re doing. It took me 8 years to build up the business and clientele. I think you need to let the idea mature before you take any risks.”

Company: Nikoleta’s Sweet Creations (Γλυκές Δημιουργίες Νικολέτα)

Type of business: Food and beverage

EIF financing: EaSI Guarantee Financial Instrument; EFSI

Financial purpose: Renovation and equipment

For further information abiout EIF intermediaries in Greece, please refer to: http://www.eif.org/what_we_do/where/el


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.