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services on financial instruments under the
fi-compass is a unique platform for advisory
for Employment and Social Innovation (EaSI).
European Structural and Investment Funds
(ESIF) and microfinance under the Programme
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be an important tool for boosting EU agriculture.
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Investments, in a variety of forms, will help create a modern, dynamic agri-food
sector to create jobs and enhance growth in the EU. Financial Instruments will

Case study (The Latvian Credit Fund)

Description: 

This case study provides an overview of how EUR 44.7 million from EAFRD and EFF provided advantageous loans to farmers and fishermen in Latvia through the Credit Fund, a financial instrument. This Credit Fund was particularly important to counteract negative effects of the 2008-2009 financial crisis, such as access to finance for agricultural and fishery projects. For instance, with a loan from the Credit Fund, farmer Mairis could build a new cowshed and more than double his farm’s milk production. Furthermore, the financial instrument’s innovative use in the fisheries sector helped an aquaculture project and a fish processor obtain advantageous loans.

Country: 
Latvia
Source: 
fi-compass
Responsibility: 
EIB