Loyens & Loeff (Sietske van ‘t Hooft and Sophie Demper) advised the European Investment Bank (the EIB) with regard to a 100 million euro loan by the EIB to Qredits Microfinanciering Nederland, a non-profit organisation focusing on financing businesses in the Netherlands without access to bank financing. With this loan, Qredits can grant more loans in the coming years, as well as provide coaching to (starting) Dutch entrepreneurs. The European Investment Fund supports the credit with a 25 million euro guarantee. The Ministry of Economic Affairs guarantees 80% of the EIB loan. The other 20% is covered by the European Fund for Strategic Investments (EFSI), the Juncker Plan.

Her Majesty Queen Máxima of the Netherlands attended the signing at the Hermitage Museum in Amsterdam. Keynote speakers during the signing ceremony were Mr. Sapy, president of the European Microfinance Network, Mr. Hoyer, president of the EIB, Ms. Thyssen, European Commissioner for Employment, Social Affairs, Skills and Labour Mobility, and Minister Kamp of Economic Affairs.

CONTACTS:

* Sietske van 't Hooft
* Sophie Demper