Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaMEDSt@rts, a new EU-funded cross-border project to facilitate access to finance for young entrepreneurs
Promoting the access to credit for usually “non-bankable” subjects and to support the creation of new economic and professional opportunities able to contribute to the path of social inclusion and the fight against unemployment of economically fragile subjects (young and unemployed): this is the aim of MEDSt@rts project, which will be officially presented on 31 January at the headquarters of Fondazione di Sardegna (Lead Beneficiary of the project) in Cagliari, Italy. Speakers include all project partners from Italy, Greece, Tunisia, Lebanon and Palestine.
MEDSt@rts (“Med microfinance support system for start-ups”) aims to help unemployed (especially young people between 24 and 35 years old and women) and businesses in the shadow economy. The project’s budget is €2.8 million, out of which €2.5 million as EU contribution through the EBI CBC Med Programme.
The objective of the initiative is the creation of a common transnational program as an alternative system of access to credit inspired by ethical finance and solidarity principles, involving public and private institutions: an impartial, simple and impactful financing system that also allows the possibility of accessing forms of microfinance for the initiation and development of entrepreneurial actions in sectors such as digitalization, sustainable tourism, agrifood, eco-design and craftsmanship to individuals traditionally recognized as “non-bankable”.
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ENI CBC Med – Cooperating across borders in the Mediterranean
Countries covered:
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Lebanon
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Palestine *
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Tunisia
