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.
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Stories
Articles on how financial instruments are being implemented on the ground
With the financial backing of a Friuli-Venezia Giulia EAFRD financial instrument loan, the Paulitti family were able to turn their floriculture company into a successful organic spirulina business.
After a brief hiatus, the fi-compass team is happy to announce the return of the Showcase Award 2023! Could you be the winner waiting in the wings to raise the Showcase trophy high at our upcoming FI Campus event?
Thanks to the Mayor of London’s Energy Efficiency Fund (‘MEEF‘), which uses European Regional Development Fund (ERDF) financial instruments (FIs), Colts Cabs Limited (‘Colts’), London’s largest independent licensed taxi rental company, has benefitted from a multi-million Euro loan to fund 30 electric black cabs through an innovative and flexible pay-per-mile mechanism.
How do we replace fossil fuels? That is the big question. While intermittent renewables like solar and wind, when paired with batteries, are a popular fossil fuel alternative, the energy from the Earth's super-heated core is still largely untapped.
Founded in 2017, the Italian region of Lombardy’s AL VIA programme has taken important steps to help revive the regional economy in the wake of the financial crisis.
Support from an ERDF financial instrument has helped an Italian social cooperative in Emilia-Romagna cut its heating bills by 25% in a year, allowing it to spend more energy on people.
Thanks to an EAFRD Guarantee loan, Jason Ligas, a young wine producer based in Pella-Giannitsa, Northern Greece, could kick start his permaculture project and strengthen existing family vineyards.
The Greek EAFRD Guarantee Fund 2014-2020 set up with EUR 80 million from the European Agricultural Fund for Rural Development (EAFRD) and EUR 20 million from the European Fund for Strategic Investments (EFSI, Juncker Plan), has already helped hundreds of farmers in Greece to implement green projects while modernising their farms.
To fight the social and working exclusion of people with disabilities, Carlo Pepe, a Pescara born teacher created the social cooperative, Aurora "Valori & Sapori”.
Backed by a EUR 25 000 loan from the ESF Microcredit Fund Abruzzo, the social enterprise trains young adults affected by Trisomy 21 or autism in catering activities, preparing them for a stable job at the end of their studies.
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