The EIF has signed a guarantee deal with Faktoro, allowing them to start a programme of micro-loans to small companies in Lithuania, as part of the EIB Group’s Covid-19 support measures.
The guarantee of a portfolio of up to €6 million in micro-loans is backed by the European Union under EU programme for Employment and Social Innovation (EaSI).
The financing is expected to support up to 330 transactions with small businesses, for a maximum loan amount of €25,000
With EU-backing, over 30...