Last update: 07/07/2017

EIF and Banca Etica sign a Social Entrepreneurship guarantee agreement

Thursday, 6 July, 2017

The European Investment Fund (EIF) and Banca Etica (BE) have signed the first Social Entrepreneurship guarantee agreement in Italy under the EU Programme for Employment and Social Innovation (EaSI). The European Investment Bank (EIB) Vice President, Ambroise Fayolle and the President of Banca Etica, Ugo Biggeri signed the agreement during the European Microfinance Network’s 14th Annual Conference in Venice. This new guarantee agreement allows BE to provide a total of EUR 50 million to 330 social entrepreneurs over the next 5 years, to both Spanish and Italian businesses.

Please find the article here.