Progress Microfinance - EIF leaflet for financial intermediaries

The European Progress Microfinance Facility (EPMF) is a microfinance initiative established in March 2010 with EUR 200 million of funding from the European Commission and the European Investment Bank. EPMF, which will be operational in all EU Member States, aims to increase access to finance forindividuals who have lost or are at risk of losing their job or have difficulties entering or re-entering the labour market. It also targets disadvantaged individuals, including people at risk of social exclusion. In addition to individuals, EPMF will also support micro-enterprises, including those in the social economy providing jobs for the unemployed or the disadvantaged.