News

The Fund of Funds Holds Market Consultations about Micro-lending Financial Instruments

23.10.2020

The Fund of Funds (FoF) is holding market consultations in preparation of a new public procurement call to select financial intermediaries for the implementation of two financial instruments, Micro-lending and First Loss Portfolio Guarantees for Micro Loans. The instruments are funded from Operational Programme Human Resource Development (OPHRD 2014—2020 co-financed from the European Social Fund.

The budget for the two financial instruments will be sourced from public and private funds and will be used to make microloans to promote entrepreneurship. The purpose is to provide credit opportunities for businesses experiencing difficulties by offering financing at an accessible cost and favourable terms. The concrete lending terms will be defined when the market test is completed. Through the consultations, the FoF aims to identify market needs and potential financial intermediaries for the procurement.

Additional information about the structure and scope of the financial instruments is provided in the indicative technical specifications available here and here.

You can express your interest to take part in the market consultations by 18:00 on 30 October 2020 by calling us at +359 2 801 40 50 and/or at our e-mail address office@fmfib.bg

After completing the market consultations, their results will be summarized and published in a report on the Fund of Funds website.