(12 April 2022) – The European Investment Fund (EIF) has signed a guarantee agreement that will make €4.65 million available to enhance access to finance for entrepreneurs operating in Roma communities in Romania, Bulgaria, Serbia and North Macedonia.
This initiative, backed by the European Union and provided under the EU Programme for Employment and Social Innovation (EaSI), should ensure financing for more than 300 small businesses and the creation of at least 1,000 jobs.
The funds will be available to microenterprises active in marginalised Roma communities, who will be able to take out loans of up to €25,000.
On top of financial support, REDI Economic Development S.A. (REDI) will also provide technical assistance to entrepreneurs to support outreach to these Roma communities and understand their specific business development needs.