Press Release: Commission highlights need to boost availability of microloans to SMEs

Author (Corporate)
Series Title
Series Details IP/04/1116 (21.9.04)
Publication Date 21/09/2004
Content Type

At a high-level conference co-hosted by the European Commission and held in Brussels on 21 September 2004, the Commission and key industry stake-holders highlighted the importance of promoting a more favourable environment in Europe for access by small enterprises and entrepreneurs to microcredit. Microcredit is defined as loans below € 25,000. The Conference welcomed the trend of a growing industry offering microcredit for small businesses and entrepreneurs. Several institutions are providing thousands of micro-loans per year and CONFIDI, the major mutual guarantee system is providing some 100,000 guarantees for microloans. European Commission President Romano Prodi and Commissioner Ján Figel' participated in the Conference.
Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/1116&format=HTML&aged=0&language=EN&guiLanguage=en
Related Links
European Commission: DG Enterprise: Policy areas: Promoting Entrepreneurship: Access to finance http://ec.europa.eu/comm/enterprise/entrepreneurship/financing/index.htm
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