First Employment agreement in Montenegro under the EASI Programme

June 9, 2017

Hat: First Employment agreement in Montenegro under the EASI Programme

Funding Scheme: 2017-06-09

Pgm2014 2020: Yes

Amorce:

The European Investment Fund (EIF) and Crnogorska Komercijalna Banka AD (CKB) have signed the first transaction in Montenegro under the EU Programme for Employment and Social Innovation (EaSI).

Text:

The EaSI guarantee agreement with CKB will allow up to 700 Montenegrin micro-borrowers to benefit from EUR 5 million worth of financing over the next five years. Thanks to the joint backing of EIF and the European Commission, CKB will be able to reach out to micro-borrowers country-wide, including in rural and remote areas.

EASI aims at supporting the EU’s objective of high level employment, adequate social protection, fighting against social exclusion and poverty and improving working conditions.

Url description: European Investment Fund

Url: http://www.eif.org/what_we_do/microfinance/news/2017/ckb_easi_agreement.htm