In Spain, EFSI is supporting a social finance transaction under the EaSI Guarantee to help provide €9 million for social enterprises. The Colonya Caixa d’Estalvis de Pollença have signed an agreement with the European Investment Fund to provide loans to 150 social entrepreneurs, which include foundations and NGOs providing work integration opportunities for disabled people. This allows the beneficiaries to benefit from loans at a reduced interest rate and reduce other requirements.
In France, EFSI is also supporting investment into Social Entreprises through the COSME programme. COSME is supporting France Active invest into social enterprises by providing a counter-guarantee for their “Fonds Entreprise Sociale”, for instance. This will allow non-profit social service providers to have reserved access to loans of up to €100,000.