Serbia benefits from EaSI European loan

On Wednesday 15th of July the first loan agreement under the European Union’s Employment and Social Innovation Programme (EaSI) between the European Investment Fund and Opportunity Bank Serbia was signed.

Opportunity Bank Serbia is the only institution in the country specializing in micro and small enterprises, and will distribute these loans to more than 4,000 micro-enterprises on more favorable terms than existing commercial loans and provide them with additional training to improve the business management skills of their managers.

Loans for micro-enterprises can amount to €25,000 and for social enterprises investments can reach €500,000. EaSsI is the European instrument to support high-level employment, adequate social protection, the fight against social exclusion and poverty, and the improvement of working conditions.