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.
Articles on how financial instruments are being implemented on the ground
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 the i-Run by BFC financing solution, Emmanuel Lear was able to change his career path, retrain, and open the very first open-air karting track in St Pierre, La Réunion. And the cherry on top: Mr. Lear’s go-kart business uses thermal and electric karts.
The financial backing of the EAFRD risk-sharing financial instrument has helped Valentin Verzea, a former banker, make his farm in Southern Romania profitable.
With 13.5 hectares in production, he was able to deliver 90 tons of premium raspberries in 2022 to major supermarket chains in Romania.
Thanks to a EUR 1.25 million equity investment from ESSOR PME La Réunion, HUB2, a Reunionese based SME was able to develop an Application Programming Interface enabling interoperability between mobile money wallets in Western Africa and answer the huge demand for more connectivity in mobile banking and banking systems in Africa.
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.
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