EIF and European Commission launch new capacity building initiative for micro-credit and social finance providers

On the 22 December 2016, the European Investment Fund (EIF) and the European Commission annouced a new initiative to help micro-credit and social enterprise finance providers develop their businesses under the EU Programme for Employment and Social Innovation(EaSI).

The new ‘EaSI Capacity Building Investments Window' would reinforce the capacity of selected financial intermediaries in the areas of microfinance and social enterprise finance. Through equity investments mostly, EIF would support the development of these finance providers, for instance by opening a new branch, investing in human resources, developing a new IT tool or financing certain expenses.
This project reflects the European Commission's strong commitment to launch concrete initiatives aiming at boosting jobs, growth and investment.

• Primary Source

ESO: Background information: The Cohesion Fund at a glance http://www.europeansources.info/record/european-structural-and-investment-funds/

ESO: Background information : Already €130 billion delivered into Europe's real economy under the European Structural and Investment Funds http://www.europeansources.info/record/already-e130-billion-delivered-into-europes-real-economy-under-the-european-structural-and-investment-funds/

ESO: Background information: European Commission and European Investment Fund mobilise €500 million for social and micro-entrepreneurs http://www.europeansources.info/record/press-release-european-commission-and-european-investment-fund-mobilise-e500-million-for-social-and-micro-entrepreneurs/

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