Project Description
The Fund provides development finance to micro and small enterprises (MSEs) and households through local financial institutions to foster economic growth. EFSE's goal is to enhance local financial markets sustainably and responsibly, with plans to support around 250,000 beneficiaries by 2037 and disburse an extra €1 billion in sub-loans, primarily focusing on micro loans.
Project Objectives
The main goal of the Action is to enable EFSE to offer medium-term credit in local currency to underserved MSMEs and low-income households, mitigating foreign currency risk. Additionally, it aims to improve access to finance, promote job stability and creation, leverage public and private capital, and enhance inclusion in local financial markets, ultimately targeting poverty reduction through facilitated self-employment.
