Reinforcing Med Microfinance Network System for Start-ups
Project in brief
ReSt@rts will create an innovative and full-structural model of support to provide access to finance, inspired by ethical finance and solidarity principles, to be re-adjustable and easily replicable in several environments.
ReSt@rts intends to provide technical guidelines and tools – including the set-up of an online platform playing the role of a marketplace linking the demand and supply sides of financial and non-financial services, strongly needed by Mediterranean youth entrepreneurs (aged 18-40 according to countries). In MED countries access to finance represents one of the main gaps to fill in, in order to promote economic initiatives capable to increase job opportunities for youth and improve living conditions of the most vulnerable people such as youth, women and migrants. Within this framework, and according to this approach, microfinance is seen as an important tool to promote access to finance for entrepreneurs and potential entrepreneurs currently excluded as non-bankable, for the startup and scale up of entrepreneurial actions.
The ReSt@rts objectives can be summarized as follows:
September 2021 – August 2023
Total project budget €1,106,559.76
EU Contribution €995,903.78
38, Grivas Dhigenis Ave. &3
PO Box 21455, 1509 Nicosia
Tel: +357 22889800
Fax: +357 22669048