Bruxelles – The European Investment Fund (Eif) and the Slovene Enterprise Fund (Sef) have signed the first microfinance guarantee agreement aimed at supporting micro enterprises in Slovenia under the EU Programme for Employment and Social Innovation (EaSI). The microfinance agreement enables Sef to provide a total of 21 million euros in loans for a period of 2.5 years to micro-entrepreneurs, many of whom face difficulties in accessing finance. The microfinance guarantee transaction will support the promotion of entrepreneurship in the country, especially in rural areas, for young people and women, as well as focusing on the development of certain sectors such as creative industries or enterprises which maximise on Slovenian natural resources. It will have a dedicated focus on deprived areas characterised by high unemployment rates. Microenterprises will have easier access to affordable sources of funding through lower interest rates, grace periods for loan repayment and a simplified credit approval procedure.
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