Sep 24, 2019 at 07:33 am

Funding through the EaSI​ -supported by the European Union- IS NOT EASY!

Update posted by Evaggelia Frantzoglou

The program for Employment and Social Innovation (EaSI) -supposed- to be all about supporting people and businesses that would not otherwise have access to employment or financing.
The EaSI provides around €96 million to European micro lenders through the European Investment Fund (EIF) in the form of the EaSI Guarantee. These intermediaries are then able to provide lending of up to €25,000 to individual companies who would otherwise not qualify for conventional loans.
But in Greece any project/business receiving EU funds is subject to indirect oversight through financial inter­mediaries.

https://europa.eu/youreurope/business/finance-funding/getting-funding/access-finance/search/en/financial-intermediaries?shs_term_node_tid_depth=723

Searching for these Financial inter­mediaries I found that none of them give loans unless you already have 25% of the loan you ask in a closed bank account or security bail (guaranteee) - not easy to have any of these when you are unemployed!
In meantime banks in Greece that taxpayers (we) have contributed (recapitalized)
at least 3 times do not give loans.
So we thought crowdfunding.
Those who know us know this is not the choice we would make but since have no other....

If you feel like to help us achieve our goal please do it!

Evaggelia Frantzoglou
Journalist, Member of ESIEA (Journalists' Union of the Athens Daily Newspapers) at Free Lance Editor


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