Examples of using Progress microfinance in English and their translations into Finnish
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Colloquial
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Official
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Medicine
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Financial
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Ecclesiastic
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Official/political
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Computer
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Programming
Guarantees under Progress Microfinance.
Progress Microfinance also complements the structural funds.
Geographical distribution of Progress Microfinance March 2012.
Progress Microfinance targets a broad range of final beneficiaries.
Microcredit providers supported by Progress Microfinance target a wide range of final beneficiaries.
Progress Microfinance fills an important gap in portfolio funding.
In 2013, 25 new contracts were signed,including 15 with microcredit providers who had not previously received Progress Microfinance support.
Table 1: Overview of Progress Microfinance operations as of 31 March 2012.
For example, the guarantee activities proposed in the new Programme will operate alongside guarantee activities funded under the Union Structural Funds and the Progress Microfinance Facility.
Progress Microfinance is implemented by the EIF on behalf of the Commission and the EIB.
It should be noted, however, that these two instrumentsalways cover different portfolios, i.e. a Progress Microfinance guarantee cannot be used to cover microloans financed from a Progress Microfinance loan.
Employment: Progress Microfinance loans worth €182 million given to over 20,000 entrepreneurs for start-ups and expansion.
To better reach out to final recipients andfurther develop the microfinance market in the EU, Progress Microfinance aims to create added value by ensuring efficient coordination and smart complementarity with other EU instruments.
Some Progress Microfinance intermediaries target particularly vulnerable groups, such as young people and women ICREF ES.
ESF managing authorities in the Member States may design specific operations for micro-entrepreneurs in order to cover all or part of the interest rate on loans, which would reduce the financial burden on micro-entrepreneurs and, hence,complement Progress Microfinance.
Since September 2010, Progress Microfinance has the first call on microcredit deals.
Progress Microfinance also complements the ESF, for which supporting entrepreneurship is among the priorities for the 2007-13 programming period.
However, the target groups indicated by the microcredit providers andfirst indications regarding the real impact suggest that Progress Microfinance helps create jobs and serves disadvantaged groups, in line with the policy objective of promoting financial inclusion.
Several Progress Microfinance intermediaries(e.g. Qredits and microStart) have at a later stage applied for JASMINE.
Although it is demand-driven, Progress Microfinance aims to achieve a balanced geographical distribution.
Although Progress Microfinance has been fully operational for somewhat more than one year, several positive conclusions can already be drawn.
Today, the CIP and Progress Microfinance guarantee headings are complementary.
Since Progress Microfinance was established only recently, this report focuses on the key features of the instrument, the design of the products and the first stages of implementation.
Before Qredits received the Progress Microfinance guarantee, microlending to start-ups accounted for only 34% of its portfolio, because such transactions pose a relatively high risk.
In 2013, the European Progress Microfinance Facility for employment and social inclusion(‘Progress Microfinance') entered into the second half of its investment period.
Social reporting confirms that Progress Microfinance has increased its outreach activity with regard to disadvantaged groups, and has had a strong impact on job creation by facilitating access to finance for the unemployed and for economically inactive people.