Combined Micro Credit and Grant scheme

The case study of the Combined Micro Credit and Grant (CMCG) describes the elaboration and implementation of a Hungarian European Regional Development Fund (ERDF) financial instrument. The instrument reduced the market gap in small and medium-sized enterprises finance addressed by two Operational Programmes. It provided micro financing opportunities to micro enterprises that did not make use of credit or had limited access to financial resources. The case study describes the objectives of the fund, set up of the financial instrument, strategy, achievements and lessons learned.