Promoting social cohesion in Spain through microcredit
-
Approval date
16 March 2023
-
Borrower
Nuevo MicroBank S.A.U. (MicroBank)
- Country
-
Loan size
€ 100 000 000
-
Line of action
Supporting Jobs and Economic and Financial Inclusion
-
Status
In progress
The Programme loan will be used to part-finance the lending to microbusinesses and individuals, especially among the most vulnerable people such as immigrants, in order to support job creation and to enhance social cohesion, in the form of business and family microloans.
Final beneficiaries: entrepreneurs, including women entrepreneurs, self-employed professionals, and microenterprises as well as migrants and families in vulnerable situations throughout Spain.