Examples of using Progress microfinance in English and their translations into Slovenian
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Medicine
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Official/political
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Programming
Progress Microfinance Facility- administrative expenditure.
So far, no applications for financing under Progress Microfinance have been formally rejected.
Table 1: Progress Microfinance operations as of 31 December 2013.
Qredits(NL) has a portfolio guaranteed by Progress Microfinance that finances start-ups.
Progress Microfinance is implemented by the EIF on behalf of the Commission and the EIB.
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Microcredit providers supported by Progress Microfinance target a wide range of final beneficiaries.
Progress Microfinance alone is not able to fully address the market gap identified by the Study.
Out of the total of EUR 100 million available for Progress Microfinance, EUR 25 million will be allocated to the guarantees window.
Progress Microfinance loans worth €182 million given to over 20,000 entrepreneurs for start-ups and expansion.
However, to date no Member State has indicated that itintends to make use of this possibility in connection with Progress Microfinance.
Overview of Progress Microfinance operations as of 31 December 2013.
Several applicants did not manage to complete the application procedure andreceive Commission approval(for guarantees) for Progress Microfinance.
Table 1: Overview of Progress Microfinance operations as of 31 March 2012.
More than 6 000 entrepreneurs have already benefited fromloans worth a total of close to €50 million under Progress Microfinance.
Information about Progress Microfinance and list of microfinance providers.
The Progress Microfinance leaflet provides a quick overview of the microfinance instrument, who can benefit from it and how people can apply for it.
Out of the total of EUR 100 million available for Progress Microfinance for the period up to 2013, EUR 75 million will be allocated to funded instruments.
Progress Microfinance will continue to offer its products until 2016, as planned, to keep addressing the financing gap on the EU microfinance market.
The 18 agreements signed demonstrate that Progress Microfinance serves the needs of a great variety of microcredit providers across the EU.
Progress Microfinance is open to a wide range of intermediaries at national, regional or local level, including banks and non-bank institutions as well as private and public institutions.
For example,microfinance intermediaries can obtain a portfolio guarantee under Progress Microfinance, which makes it easier to raise financing from market investors and use it for provision of microloans.
Although Progress Microfinance has been fully operational for somewhat more than one year, several positive conclusions can already be drawn.
With its wide range of products, Progress Microfinance serves a broad range of intermediaries in different parts of Europe.
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.
European Progress Microfinance Facility(Progress Microfinance).
Finally, some Progress Microfinance intermediaries target particularly vulnerable groups, such as young people and women(ICREF(ES)).
The guarantee from the Progress Microfinance cleared the way for BNP Paribas Fortis to get involved in setting up this new microcredit provider.
Vice versa, several Progress Microfinance intermediaries(e.g. Qredits and microStart) have at a later stage applied for JASMINE.
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.