| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/16/1875 (24.05.16) |
| Publication Date | 24/05/2016 |
| Content Type | News |
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The European Investment Fund (EIF) and Estonian financial group AS LHV Pank (LHV) signed a guarantee agreement on 24 May 2016 aimed at supporting micro-enterprises in Estonia under the EU Programme for Employment and Social Innovation (EaSI). This new EaSI guarantee agreement with LHV covered a loan portfolio of EUR 12 million for over 700 micro-borrowers including young entrepreneurs establishing start-up businesses, ethnic minorities, and micro entrepreneurs with limited access to credit. The new loan product 'LHV Micro loan' was launched in May 2016. The loan application process was web-based, automatic and made as user-friendly for clients as possible. The EaSI Guarantee scheme was launched in June 2015 and is funded by the European Commission and managed by the European Investment Fund. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-16-1875_en.htm |
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| Subject Categories | Employment and Social Affairs, Politics and International Relations |
| Countries / Regions | Estonia, Europe |
