Retour CEB approves new lending projects

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CEB approves new lending projects

On 15 June 2018, the Administrative Council of the Council of Europe Development Bank (CEB) approved 11 new lending projects. In particular, one of the projects is a €7 million loan to Per Micro Spa to part-finance sub-projects within two microcredit products: 1) business lending to support microenterprises in the purchase of equipment and goods, for their start-up or for the development of their businesses and 2) family loans to assist vulnerable groups in responding to urgent and temporary financial needs in the domain of health, housing and education. Final beneficiaries will be aspiring entrepreneurs, vulnerable groups and especially migrants and refugees, which have little or no access to the standard banking system.