Case study (Rural Credit Guarantee Fund)

Image
Rural Credit Guarantee Fund
Description

This case study describes the successful implementation of a Romanian EAFRD financial instrument whose two guarantee schemes support farmers and rural SMEs. Using this instrument, Alexander Graffius, a young Romanian rural entrepreneur, managed to secure funding to build a modern egg-producing poultry farm that thrived when much larger Romanian egg producers were incurring losses. He obtained an EAFRD financed guarantee for 80% of a loan to start the project. Without this financial instrument his project, employing 27 workers, would not have been realised.

Country
Romania
Source
fi-compass
Responsibility
EIB