site.btaEU Provides EUR 4.65 Mln to Support Entrepreneurship in Roma Communities in Bulgaria and Three More Countries

The European Investment Fund (EIF) has signed a guarantee agreement with REDI Economic Development S.A. (REDI) that will make 4.65 million available to enhance access to finance for entrepreneurs in Roma communities in Romania, Bulgaria, Serbia and North Macedonia, said the European Commission. This initiative is expected to have a strong impact on Roma communities, ensuring financing for more than 300 small businesses and the creation of at least 1,000 jobs.

REDI is an acronym for Roma Economic Development Initiative.

The funds will be available to microenterprises in marginalized Roma communities, who will be able to take out loans of up to 25,000 euro.

This is the first EU financial instrument specifically aimed at Roma communities, ensuring inclusive employment opportunities and the development of specific financial products and services for this group, said the European Commission.