What is the program offering?

The most important form of financing for creditworthy micro enterprises so far neglected by banks is micro loans at market interest rates. The program will involve a significantly wider spectrum of financial intermediaries which is expected to lead to more intense competition between them. As a result, the number of clients and the volume of financing is both expected to grow, with loans becoming accessible more rapidly and in more flexible forms than previously. EU sources will also be available to finance consulting services for both intermediaries and clients.