Framework Operation #31 for Microfinance, Social and Skills Guarantee Product / Microfinance and Social Enterprises

This Framework Operation is the third one introduced in Microfinance and Social Entrepreneurship areas due to the numerous applications received from financial intermediaries, confirming the high market demand for this product. The Framework Operation will include: (i) Sub-Projects in the microfinance area, targeting intermediaries providing debt financing to micro-enterprises and micro-borrowers on an unsecured basis coupled with accompanying services, such as counselling, training and mentoring, as well (ii) Sub-Projects in the social entrepreneurship space targeting social enterprises. A large variety of sectors are expected to be covered, from wholesale and retail trade to agriculture and human health or social care activities, just to name a few.

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