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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.
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
Financial instruments using the European Social Fund
can support a wide range of financially viable
investment projects
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Case study (The Latvian Credit Fund)


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.