27.Jan .2020 11:32

ProCredit Bank hosts representatives of business associations

Back

ProCredit Bank held an event for business associations with the aim of discussing the opportunities for development made possible for SMEs by the InnovFin Guarantee Programme. The bank’s management was also in attendance.

The event, which brought together fast-growing SMEs guided by an innovative approach, was attended by representatives of local and international business associations from various sectors including agriculture, international and local shipping, production and export, import and sales, tourism, and advisory services.

“The objective of this event was to make the information about business development through the collaboration with business associations more readily available. Participants also received comprehensive information on funding opportunities under the InnovFin Guarantee Programme,” explained General Director of ProCredit Bank Alex Matua.

ProCredit Bank offers investment and working capital loans to companies under the InnovFin Programme. By providing guarantees, the programme aims to support the financing of innovations for SMEs. Final Recipient Transaction is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of the EFSI is to finance productive investments within the European Union.