EU4Business - DCFTA SME Direct Support Facility

EU4Business

Project duration

2014-2024

Budget

€10.22 million

Project Website

DCFTA SME Direct Support Facility
DCFTA SME Direct Support Facility

Brief Description

Supporting the private sector in the DCFTA countries, particularly through lending to small and medium-sized enterprises (SMEs)

Countries covered: Georgia, Moldova, Ukraine

Objectives

The DCFTA SME Direct Support Facility aims to achieve the following:

  • To improve access to finance for local SMEs in the region and mitigate the shortage of long-term financing.
  • To provide long-term local currency financing.
  • To help SMEs identify quality capital investment projects, improve their governance structure and introduce them to best practices.
  • To help develop local financial markets in view of sustainable and market-based principles.

Actions in brief

  • Risk sharing (EU grant to cover First Loss Cover)
  • Technical assistance
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