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EIF signs guarantee deal with Erste Bank Serbia to back micro-enterprises

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The European Investment Fund (EIF) said on Tuesday it signed a guarantee agreement with Erste Bank Serbia to extend a total of 4.7 million euro ($5 million) in loans to micro-enterprises in the country under the EU Programme for Employment and Social Innovation (EaSI).

A total of 850 Serbian micro-borrowers will be able to benefit from loans in starting up and developing their business on attractive terms, without having to provide additional guarantees, EIF said in a statement on its website.

For more on this story visit the following link: EIF signs guarantee deal with Erste Bank Serbia to back micro-enterprises

Source: SeeNews

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