Press Release: Employment: over 6000 entrepreneurs have received Progress Microfinance loans to start or expand their business

Author (Corporate)
Series Title
Series Details IP/13/827 (12.09.13)
Publication Date 12/09/2013
Content Type

The European Commission published its third annual report on the European Progress Microfinance Facility in July 2013. According to the report more than 6000 entrepreneurs benefited from loans worth a total of close to €50 million until September 2013. The report confirmed that Progress Microfinance significantly contributed to job creation, helping a high percentage of people who had been previously unemployed or inactive into employment.
Source Link Link to Main Source http://europa.eu/rapid/press-release_IP-13-827_en.htm
Related Links
European Commission: Implementation of the European Progress Microfinance Facility 2012 http://ec.europa.eu/social/BlobServlet?docId=10430&langId=en
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