Promoting social cohesion through microcredit in Spain
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Approval date
27 September 2019
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Borrower
Nuevo Microbank (ex Microbank)
- Country
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Loan size
€ 100 000 000
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Line of action
Sustainable and inclusive growth
Integration of refugees, displaced persons and migrants -
Status
Completed
This €100 million Programme loan will part-finance Nuevo MicroBank’s lending to microbusinesses and individuals through Business and Family microloans in order to support job creation and to enhance social cohesion.
Final beneficiaries will be entrepreneurs and microenterprises as well as immigrants and families in vulnerable situations throughout Spain, who have limited or no access to bank loans.