| TMEDE Microfinance Solutions | |||
| Name of responsible organization: TMEDE – Fund of engineering contractors of public works | |||
| Venture Website: www.thepeoplestrust.org | |||
| NATIONAL OR LOCAL | National | ||
| Starting year | 2023 | End year | – |
| TMEDE Microfinance Solutions is a new solution – a tool that effectively responds to the need for seamless access to liquidity solutions, especially for those who are just starting their professional career. TMEDE MF Solutions will start its operation in 2023. It has already acquired its microfinancing license. More details at https://tinyurl.com/bd9vn2ux |
What kind of activity does this measure finance?
| Creation of new businesses | YES |
| Strengthening of existing businesses | YES |
| Specific investments – specify type (i.e. innovation, research, environmental transition, hiring, internationalization, purchase of goods) | Construction & manufacture sector |
| Training activities | NO |
| Other (specify) | NO |
What type of financing is it?
| Low-interest loan (indicate the repayment time and, if present, the requirement for collateral) | Loans up to 25K. IR details and repayment period not published yet. |
| Non-repayable grant (indicate the percentage of non-repayable fund) | N/A |
| Tax credit | N/A |
| Other (specify) | N/A |
How does the activation of the measure work?
| One-stop means | No |
| Call with closing date | No |
Financial entity of the measure (indicate the resources allocated)
| Overall amount | N/A |
| % facilitation for each recipient | Ν/Α |
| Minimum amount that can be financed | N/A |
| Maximum amount that can be financed | Ν/Α |
| Origin of financial resources (European, State, Regional authority, Municipal authority, other) | Own resources and ATTICA BANK. |
Type of funded social structure (indicate if belonging to a specific category is required in order, to access the measure)
| Female | Over 50 | Unemployed (specify any type) | Disadvantaged groups (specify type) | Youth (specify age range) | Other (specify) | |
| Individual | ||||||
| Company |
Does the measure provide for accompaniment and training or only financial support?
| Financial support + accompaniment/training | NO |
| Only Financial support | YES |
Is the measure considered a good practice and as such replicable in other national and / or international contexts?
| YES | Yes, it is expected to be. |
How many initiatives have been financed in the last 3 years and for what economic amount?
| Number of initiatives: Zero till now | Total economic amount: N/A |
