Qredits nationwide Microfinance provider in the Netherlands Mission: to provide financing up to 50.000 Euros and coaching to start-ups and existing entrepreneurs, in the Netherlands with a viable business plan, who are socially or financially excluded. For them to become economically independent, and included in and contributing to society (both socially and financially). Outstanding portfolio: € 35.000.000,-. Active clients 2700 Products: Microloan up to € 25.000,- (interest 9.75-10,75%, closure fee 250-750 €) Entrepreneurial loans €25.000,- to €50.000,- Coaching pre and post loan Entrepreneurial Tools: Elearning start up, Entrepreneurial plan
European instruments used Eppa loan 750.000,- 5 year, for capacity building, low interest rate Jasmine assistance program, training, assessment Progress Microfinance facility guarantee, 75% of loss-recovery rate for loans to target group (unemployed or risk of unemployment, limited in access to financial market to start micro enterprise) Pilot group European code of conduct