For the Investment Programme for Capacity Building of Microfinance Institutions under the EU Programme for Employment and Social Innovation (EaSI CBI), the European Investment Fund (EIF) grants Patria Credit IFN a subordinated loan for a period of 10 years. The 10 million lei are intended to support the ambitious development plans of the NFI în the next period în particular în the field of financing micro-farms, which generally have limited access to traditional credit. The loan also aims to improve Patria Credit's ability to contract other financing lines from reputable lenders.
Patria Credit IFN SA and the European Investment Fund (EIF) have signed a financing agreement within the framework of the European Progress Microfinance Facility, our institution being the first financial institution in Romania to benefit from this facility exclusively dedicated to the financing of micro-enterprises.