Microcredits in Netherlands
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Approval date
29 September 2023
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Borrower
Stichting Qredits Microfinanciering Nederland
- Country
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Loan size
€ 40 000 000
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Line of action
Supporting Jobs and Economic and Financial Inclusion
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Status
In progress
This Programme loan* aims at partially financing the lending to micro-enterprises. In particular, the loan will contribute to the promotion of entrepreneurship and self-employment, stimulating business start-up, enhancing business development and survival through mentoring and learning tools, and bridging the gap to provide opportunities for micro-entrepreneurs who face difficulties in accessing standard bank credit or becoming financially independent.
Final beneficiaries: aspiring and existing micro-entrepreneurs, including women entrepreneurs and entrepreneurs with migrant background.
This operation benefits from support from the European Union under the InvestEU Fund, as part of CEB SISW Debt Financial Product supporting the "Microfinance, ethical, social enterprise finance and social economy" InvestEU policy area.
* Approved under InvestEU Framework Operation for Microfinance and Social Economy Finance.
Borrower's address: Egbert Gorterstraat 6, 7607 GB Almelo, Netherlands