Creation and preservation of viable jobs
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Approval date
19 September 2014
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Borrower
Procredit Bank
- Country
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Loan size
€ 10 000 000
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Line of action
Supporting micro, small and medium-sized enterprises
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Status
Completed
Contributing to the creation of new jobs, and the preservation of existing ones, by providing financing for micro, small and medium-sized enterprises (MSMEs), thereby helping to close the major financing gap, hindering the growth of small businesses. It is expected that the development of the MSME sector will also help the stabilisation of the middle class, thus reinforcing social cohesion.