Case study (Loans for rural development 2014-2020, Estonia)

Loans for rural development 2014-2020, Estonia
Description

This case study, featuring the 2014-2020 European Agricultural Fund for Rural Development, describes an Estonian loan fund supporting micro, small and medium-sized enterprises in the agricultural sector and wider rural economy. Using EUR 36 million of Estonian Rural Development Programme funds, this instrument seeks to fill a market gap in financing for rural enterprises, whose access to credit is limited by unfavourable conditions such as high interest rates, short repayment periods and high collateral requirements. Advantageous loans through this financial instrument are designed to help generate investment in agricultural and rural development projects. Special interest rates are provided to young farmers, producers and other groups such as start-ups, microenterprises, disabled people and women.

Country
Estonia
Responsibility
EIB