The situation in Europe has apparently not been stable over the past year.
That is why this investment is a huge boost for both individuals and small businesses that are ready to invest. Micro-credits are usually designed to help developing countries in need where individuals get a second chance through financial support.
This is a way to help European companies to get out of the current unemployment situation. In addition, it is considered to be a great alternative for companies and individuals that have been negatively affected by the financial crisis.
Who or which companies can apply? - These micro credits are addressed to individuals who are unemployed but want to operate their own business.
- It is also addressed to small companies with fewer than 10 employees. These criteria apply to 90 percent of all European companies.
- It should be added that these loans will amount to a total of 25,000 Euros.
The EU has a total budget of 100 million Euros, but the hope is that this figure should increase to 500 million Euros.
This project has received positive feedback from the European Investment Bank. This action will in any case result in huge opportunities for individuals and small businesses worldwide.
Cecilia Helland