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€4.65 million to support entrepreneurship in Roma communities
The European Investment Fund (EIF) has signed a guarantee agreement with REDI Economic Development S.A. that will make €4.65 million available to entrepreneurs operating in Roma communities in Romania, Bulgaria, Serbia and North Macedonia. This initiative, backed by the European Union and provided under the EU Programme for Employment and Social Innovation, will ensure financing for more than 300 small businesses and the creation of at least 1,000 jobs.
The funds will be available to microenterprises active in marginalised Roma communities, who will be able to take out loans of up to €25,000. On top of financial support, REDI will also provide technical assistance to entrepreneurs and support outreach to these Roma communities. This is the first EU financial instrument specifically aimed at Roma communities, ensuring inclusive employment opportunities.
Source: EIF
Photo credits: Rome Entrepreneurship Development Initiative (REDI)
