*European Investment Fund to increase capacity of Romanian financial institutions Patria Credit and OMRO to support microcredits and microfinancing loans in Romania under the Capacity Building Investments Window of the EU’s Employment and Social Innovation Programme
*Capacity building for Patria Credit is supported with RON 10m to scale up its businesses and for OMRO with RON 6.5m to enhance its technology, scoring mechanisms and operational flows.
Thanks to financial support under the EaSI Capacity Building Investments Window, which is managed by the European Investment Fund (EIF) on the European Commission’s behalf, two microfinance institutions in Romania will have more capacity to provide microloans to small businesses.
*Patria Credit will receive RON 10m to grow its portfolio targeting particularly vulnerable clients excluded from the formal financial sector;
*OMRO Romania will receive RON 6.5m to acquire and implement new IT solutions aimed at increasing efficiency and strengthening credit risk analysis.