Social Economy Financing in Belgium
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Approval date
25 June 2024
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Borrower
Credal SCES
- Country
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Loan size
€ 15 000 000
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Line of action
Supporting Jobs and Economic and Financial Inclusion
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Status
In progress
This programme loan* in favour of Credal SCES aims at supporting Credal SCES’s activity for the partial financing of investment needs of social enterprises in Belgium with limited or no access to finance.
Final beneficiaries: social economy actors (social economy enterprises and organisations) and the most vulnerable layers of population in the Wallon and Brussels Capital Regions, in particular migrants and refugees, elderly, persons with disabilities, low-income households, socially and economically excluded and vulnerable women.
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 : Rue d’Alost, 7 à, 1000 Bruxelles, Belgium