An EU-funded scheme, in the field of human capital, is implemented by the Malta Development Bank (MDB) and backed by the European Social Fund (ESF and ESF+). The blended financial instrument combines a guaranteed loan with a grant in the form of interest rate subsidy. Over the past four years, this instrument has allowed more than 500 students finance their studies.
Thanks to a microloan backed by SIS Credit under the ESF financial instrument, a group of friends created Infinite Games Ltd, a social enterprise active in the field of human rights education.
Thanks to a EUR 17 895 microfinance loan backed by SIS Credit under the ESF financial instrument, Stelian Radovenski and Lazar Lazarov founded Made Right, a profitable business specialising in the production of quality shirts for men in Pleven, the third largest city in Northern Bulgaria.
Thanks to financial instruments financed by the European Social Fund (ESF) Bank Gospodarstwa Krajowego (BGK) — the Polish Development Bank — supports the development of cooperatives, foundations, associations and other social economy entities created by people at risk of exclusion and employing individuals from disadvantaged groups: seniors, persons with disability or at risk of exclusion.
Through ESF and ERDF financial instruments, INVEGA, the Lithuanian National Promotional Institution wants to facilitate access to finance for innovative businesses and social enterprises.
Through ERDF and ESF financial instruments, Národní rozvojová banka (NRB) — the Czech National Promotional Bank — stimulates investments in energy efficiency, innovative enterprises, SMEs and social entrepreneurs.
The fi-compass team is happy to invite you to its first fully in person FI-Campus event since the pandemic. The 2023 edition will take place in Brussels from Monday, 13 March until Wednesday, 15 March 2023 and shed light on the opportunities offered by financial instruments as EU citizens and businesses face challenging economic times ahead.
Sally, a Syrian refugee, was able to open her business in Antwerp and rebuild a life thanks to the support of microStart, Belgium’s leading microfinance institution. Microfinance for vulnerable groups can be combined with targeted coaching and co-financed with EU shared management funds.
