This EaSI guarantee agreement with Erste Bank Serbia will cover a loan portfolio of EUR 4.7 million for around 850 Serbian micro-borrowers, who will be able to benefit from loans on attractive terms, without having to provide additional guarantees.

Erste Bank Serbia will implement the social banking programme gradually, starting with offers for start-ups and social entrepreneurs, followed in 2017 with activities targeting civil society organisations and finally, in 2018, the institution plans to develop offers for low income private individuals.

More information on EU microfinance and social entrepreneurship support is available under:

EaSI Programme

EU support to social entrepreneurship