Microloans of 3,000 to 25,000 euros will be granted with the support of the Microcredit Fund of the Hellenic Development Bank (HDB) through the three microcredit companies which have been licensed by the Bank of Greece.
At an event held on Tuesday on the “New Microcredit Fund Managed by HDB,” in the presence of the deputy minister of national economy and finance, Nikos Papathanasis, the governor of the Bank of Greece, Yiannis Stournaras, underlined the importance of the fund, as he said “the funds that will be channeled are expected to boost the volume of microcredit grants.”
This will amount to €80 million with the leverage of microcredit companies.