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The new fund called EaSI Funded Instrument has been launched with a loan fund of €200 million to boost the lending capacity of microfinance institutions and social enterprise lenders in Europe.
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In line with the objectives of the EaSI programme, the new EaSI Funded Instrument seeks to improve access to finance for micro-enterprises (including the self-employed and those that employ vulnerable people) and social enterprises in order to create jobs and support social inclusion.
The EaSI Funded Instrument provides senior and subordinated loans to eligible financial intermediaries in order to increase their capacity to provide financing to micro-enterprises and social enterprises, as well as mobilizing their own resources to grow their microfinance or social entrepreneurship portfolios.
The decision to provide EU financing will be made by the local financial institutions such as banks, venture capitalists or angel investors.
You have a right to get feedback from credit institutions on their credit decision. This can help you understand your financial position and improve your chances to obtain financing in the future. Use your right and refer to Article 431 of the EU Capital Requirements Regulation.