First Progress Microfinance agreement in Sweden for micro-enterprises

The European Investment Fund (EIF) and Almi Företagspartner AB (Almi) have signed a guarantee agreement aimed at supporting around 230 micro-enterprises within a year in five counties in Sweden. This agreement will allow Almi to provide enhanced access to finance to entrepreneurs in Sweden, especially those who face difficulties in accessing credit from traditional banking sources.Progress Microfinance is funded by the European Commission and managed by the European Investment Fund. Commenting on the agreement, Head of Microfinance Per-Erik Eriksson said: “We are pleased to be signing