To better facilitate the issuing of microcredit (loans up to €50,000) the European Union has made the following guarantee facilities available which Qredits successfully applied for.
EU Program for Employment and Social Innovation
EaSI is a guarantee facility from the European Union for the purpose of creating jobs and a social safety net. Through this initiative the European Union wants to raise (employment) participation, reduce poverty and improve working conditions. Partly because of the EaSI guarantee Qredits is able to provide more microcredit loans up to € 25.000. On the EaSI website you can find more information about this guarantee facility.
EU Program for small and medium-sized enterprises
COSME is another guarantee facility of the European purposed to improve the competitiveness of SMEs by offering a guarantee facility to lenders. Partly because of the COSME guarantee Qredits is able to provide microcredit loans between € 25,000 and € 50,000. Under COSME, there are two financial instruments. Qredits uses the "Loan Guarantee Facility (LGF). On the COSME website you can find more information about this guarantee facility.
* Note: These guarantees do not ensure that each loan application can be honored. They still have to meet certain stipulations which are clearly described on our Dutch website through which our customers apply.