The new fund called EaSI Funded Instrument has been launched with a loan fund of €200 million to boost the lending capacity of microfinance institutions and social enterprise lenders in Europe.

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The EaSI Funded Instrument provides senior and subordinated loans to microfinance institutions and social enterprise lenders to boost on-lending to micro-enterprises and social enterprises. 

In order to support job creation and social inclusion, the EaSI Funded Instrument aims to improve access to finance for:

• micro-enterprises, including the self-employed and those that employ vulnerable people
• social enterprises

The loan fund is a partnership between the EU, the European Investment Bank and the European Investment Fund. The European Investment Fund has been selected as the fund manager.