MICROCAPITAL BRIEF: European Investment Fund, Banca Transilvania Sign $10m Loan Agreement for Microfinance in Romania

The European Investment Fund, a public-private partnership that provides risk finance to lenders to small and medium-sized enterprises (SMEs) in Europe, and Banca Transilvania, a privately-owned Romanian bank, have signed a EUR 7.5 million (USD 10 million) loan agreement under the European Progress Microfinance Facility, an organization that provides grants and funding to microcredit lenders in the European Union.

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European Investment Fund and Banca Transilvania sign EUR 7.5 mln loan agreement for supporting micro-enterprises in Romania

The European Investment Fund (EIF) and the Romanian lender Banca Transilavnia (BT) have recently signed a EUR 7.5 million loan agreement to give small businesses and entrepreneurs in Romania a helping hand. Funding will come from the European Commission and the European Investment Bank and will be managed by the European Investment Fund.

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