EU to provide 45,000 micro-loans to unemployed and small entrepreneurs

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<a href="http://ec.europa.eu/enterprise/newsroom/cf/itemshortdetail.cfm?item_id=4089">EU to provide 45,000 micro-loans to unemployed and small entrepreneurs</a>

tramite <a href="http://ec.europa.eu/enterprise/newsroom/cf/menu.cfm" class="f">Latest news from DG Enterprise and Industry</a> il 08/03/10

Published Mon, 08 Mar 2010 14:52 CET:

EU Employment and Social Affairs Ministers agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business. The European Microfinance Facility will have a starting budget of EUR 100 million which could leverage more than EUR 500 million in cooperation with international financial institutions such as the European Investment Bank (EIB) Group. The initiative is part of the EU's response to the crisis and is especially targeted at people who cannot normally obtain credit because of the economic crisis and the current lack of credit supply .

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