Programme description

Objective: The key objective of the Programme is to support local entrepreneurship ecosystem by facilitating lending to under-served entrepreneurs in countries neighbouring the EU and in Sub-Saharan Africa, many of whom have been forced to flee their homes.

Activities: It will give them access to investment loans by offering local financial institutions, such as banks and microfinance institutions, portfolio guarantees containing loans to entrepreneurs.

Find out more about this project

Budget (mio €)
EFSD Guarantee contribution: Up to Eur 75 million
Region
Sub-Saharan Africa
Target group

Local under-represented entrepreneurs and refugees

Implementation
Entrepeneurial Development Bank (FMO)
Start (year)
2019
Funding
European Fund for Sustainable Development (EFSD)