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EIF SETS UP FIRST OPERATIONS TO SUPPORT MICROFINANCE IN ROMANIA UNDER THE CAPACITY BUILDING INVESTMENTS WINDOW OF THE EU PROGRAMME FOR EMPLOYMENT AND SOCIAL INNOVATION

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Published on: 27-06-2019 Back

 

  *European Investment Fund to increase capacity of Romanian financial institutions Patria Credit and     OMRO to support microcredits and microfinancing loans in Romania under the Capacity Building   Investments Window of the EU’s Employment and Social Innovation Programme
 
  *Capacity building for Patria Credit is supported with RON 10m to scale up its businesses and for             OMRO with RON 6.5m to enhance its technology, scoring mechanisms and operational flows.
 
  Thanks to financial support under the  EaSI Capacity Building Investments Window, which is managed   by the European Investment Fund (EIF) on the European Commission’s behalf, two microfinance   institutions in Romania will have more capacity to provide microloans to small businesses.
 
 
*Patria Credit will receive RON 10m to grow its portfolio targeting particularly vulnerable clients excluded from the formal financial sector;
 
*OMRO Romania will receive RON 6.5m to acquire and implement new IT solutions aimed at increasing efficiency and strengthening credit risk analysis.
 
For more info click here
 
 
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