Promoting social cohesion in Spain through microcredit
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Approval date
5 April 2025
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Borrower
Nuevo MicroBank S.A.U. (MicroBank)
- Country
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Loan size
€ 100 000 000
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Line of action
Supporting Jobs and Economic and Financial Inclusion
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Status
In progress
An additional Programme loan request, increasing the total amount of the loan to € 200 million to assist the Borrower in its efforts to support job creation and enhance social cohesion by facilitating access to financial resources for microbusinesses and individuals such as migrants and families in vulnerable situations throughout Spain, with limited or no access to the traditional banking system. In particular, the CEB loan will partially finance investments to provide access to finance through business and family microloans over the 2025-2026 period.
Final beneficiaries: Entrepreneurs, including women entrepreneurs, self-employed professionals, and microenterprises as well as migrants and families in vulnerable situations throughout Spain.