Siauliu Bankas (Lithuania)

Alina had been working as a manager for an online award manufacturing business in Šiauliai for a year and had dreams of opening her own family business, making and selling awards. The company regularly supplied local schools, sports teams, dog shows and village fete organisers with awards for 1st, 2nd and 3rd positions and was famous in the Šiauliai region for their colourful trophies. After noticing a gap in the market, Alina went to Šiaulių Bankas AB to ask for a loan to set up her own business. Only a few weeks later, she received EUR 15 930 and bought a new shop where she is now selling directly to customers as well as trading online. Her business got off to a flying start. She has since taken on another member of staff and is aiming to be n°1 in the local market in the next few years.

Type of business: Awards company
EU-guaranteed micro-loan from Šiaulių Bankas: EUR 15.930

For further information about EIF intermediaries in Lithuania, please refer to:
http://www.eif.org/what_we_do/where/ltu/