Reinforcing Med Microfinance Network System for Start-ups

Greece National Mesures – The People’s Trust

The People’s Trust
Name of responsible organization: Public Benefit Foundation Ath. K. LASKARIDIS
Venture Website:
Starting year 2016End year
The People’s Trust is a private NPO that provides microfinance to new and existing businesses. It has more than 5 years’ experience in funding, training and entrepreneurial growth. It provides Loans & Grants.

What kind of activity does this measure finance?

Creation of new businessesYES
Strengthening of existing businessesYES
Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods)All sectors. 
Training activitiesYES
Other (specify)CONSULTATION

What type of financing is it?

Low-interest loan (indicate the repayment time and, if present, the requirement for collateral)Loans up to 10K IR 0%, payback up to 2 years, Grants up to 10K.
Non-repayable grant (indicate the percentage of non-repayable fund)Grants up to 10K.
Tax creditN/A
Other (specify)N/A

How does the activation of the measure work?

One-stop means Through 
Call with closing dateNo

Financial entity of the measure (indicate the resources allocated)

Overall amountN/A
% facilitation for each recipientΝ/Α
Minimum amount that can be financedN/A
Maximum amount that can be financedΝ/Α
Origin of financial resources (European, State, Regional authority, Municipal authority, other)Public Benefit Foundation Ath. K. LASKARIDIS + EaSI Loans + Cooperative Banks

Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)

FemaleOver 50Unemployed (specify any type)Disadvantaged groups (specify type)Youth (specify age range)Other (specify)
Target group includes unemployed, self-employed and new entrepreneurs.

Does the measure provide for accompaniment and training or only financial support?

Financial support + accompaniment/trainingYES
Only Financial supportNO

Is the measure considered a good practice and as such replicable in other national and / or international contexts?


How many initiatives have been financed in the last 3 years and for what economic amount?

Number of initiatives: More than 260 beneficiariesTotal economic amount: N/A
ReSt@rts Logo

If you do not already have a ReSt@rts Account follow the link to request one.