Microbank (Spain)

Dance teacher Núria is a choreographer, artistic director and flamenco dancer and now owns her own dance school in Sant Esteve de Palautordera (Barcelona), Spain. The dance school for all ages and various genres opened in July 2007. The school originally began with 20 pupils and now there are more than 60 budding dancers!

Núria received an initial micro-credit contribution of EUR 25,000 from the Spanish microlender MicroBank. This loan was used to refurbish the premises and helped her to take her very first steps towards opening her dance school.

Initially, Núria started off with six employees but was able to expand to ten following her loan.Her short-term ambitions are to make it a flagship dance school and to increase the number of pupils.

Company: The Dance School, Barcelona
Type of business: Dance school
EU-guaranteed loan from Microbank : EUR 25,000

For further information about EIF intermediaries in Spain, please refer to:
http://www.eif.org/what_we_do/where/es/