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QREDITS LOAN FOR MICRO & SMES

Summary sheet

Release date
4 October 2024
Status
Reference
Approved | 21/11/2024
20240230
Project name
Promoter - financial intermediary
QREDITS LOAN FOR MICRO & SMES
STICHTING QREDITS MICROFINANCIERING NEDERLAND
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
not applicable
Location
Sector(s)
Description
Objectives

The loan will support the intermediary, the microfinance platform Qredits, to on-lend to micro, small and medium sized enterprises (MSMEs), including start-ups and the self-employed, a target group that faces a suboptimal situation, due to the fact that lenders usually favour larger and well-established borrowers.

The aim is to provide the much needed financial support at favourable rates and conditions for the smaller project promoters in the Netherlands.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Under appraisal
Approved
21 November 2024
Link to source
Summary sheet
QREDITS LOAN FOR MICRO & SMES

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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