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.
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)