The Call for Expressions of Interest to Microfinance Institutions was published for their participation in the ‘MICRO-CREDIT FUND’ programme. The new €60 million Micro-Credit Fund of the ‘Competitiveness’ Programme (NSRF 2021-2027) aims to improve access to funding for very small entities that do not have access to bank loans, by providing micro-credit, namely, loans of up to €25,000 for small investment plans and working capital for their adaptation and development needs.

The loans will be granted without any real securities and 60% in general entrepreneurship and 75% in female entrepreneurship will be funded, interest free, by Fund resources.

The micro-credit will be provided through the accredited special bodies (as defined in Law 4701/2020) and will be accompanied by consulting support for the entrepreneur (training, mentoring, consulting, etc.).

The Micro-Credit Fund is co-financed by European Social Fund+ of the European Union.

Note: This Call is not addressed to enterprises.

Please see here the relevant Call for Expression of Interest to Microfinance Institutions