First-Step is the beneficiary of an SME Guarantee Facility created within the framework of the Competitiveness and Innovation Framework Programme (CIP 2007-2013) of the European Community. This Guarantee is operated by the European Investment Fund on behalf of the Commission.

The objective of the Guarantee is to encourage organisations like First-Step to provide financing to micro-enterprises and to mitigate a part of the risk in relation to bad debts on the loan portfolio.

Click here to link to the European Investment Fund