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FEI InvestEU Fund - Microfinance.

The next step is to secure a guarantee instrument that enables risk-sharing between the European Investment Fund (EIF) and Banco Montepio, to support the financing of micro-enterprises, whether for investment or working capital requirements.

Promoting a European social ecosystem based on solidarity and inclusion.

The EIF InvestEU – Microfinance Facility is a guarantee instrument that enables risk-sharing between the European Investment Fund (EIF) and Banco Montepio, to support the financing of micro-enterprises, whether for investment or working capital requirements.

The aim is to promote sustainable, high-quality employment and social inclusion by supporting entrepreneurship and income-generating activities.
República Portuguesa | European Investment Fund
República Portuguesa | European Investment Fund
€4.5 million
Total available fund value
€50,000
Maximum amount per transaction
80%
Capital guarantee provided by the EIF
12 anos
Maximum maturity of the loan
Eligibility

Who can apply?

Micro-enterprises, including self-employed persons (ENI), established and operating in Portugal. A micro-enterprise is defined as any enterprise which employs fewer than 10 people and whose annual turnover, or total annual balance sheet total, does not exceed 2 million euros.

Purpose

What you can finance?

The scheme supports microfinance for two purposes. The financing must be new; it must not take the form of refinancing nor be included in another portfolio supported by the EIF.

Investment
Investment in tangible or intangible assets
Cash-flow
Working capital and cash flow requirements
Advantages

Why it is a good financing solution.

FEI Guarantee
80%
Capital guarantee provided by the European Investment Fund on the amount financed
Maturity
up to 12 years old
Long payment terms, tailored to the micro-enterprise’s growth rate
Without real guarantee
Personal guarantee
Only a personal guarantee is accepted, in addition to the FEI’s capital guarantee
Social impact
Inclusion
It supports entrepreneurship and the creation of sustainable, high-quality jobs
Dual purpose
Investing or managing
Funds investment in assets or cash flow requirements

Fund conditions.

Eligible transactions
Investment (tangible or intangible assets) and cash flow requirements.
Target segment
Micro-enterprises, including self-employed workers (ENI), particularly those that employ vulnerable people.
Modality
Investment Credit (Medium and Long Term).
Maximum amount
Up to €50,000 per transaction.
Maturity
Minimum 3 months · Maximum 12 years (120 months).
Usage
A single use of the amount, on the date the contract is entered into.
Capital amortisation
Regular, equal instalments, payable monthly, quarterly, half-yearly or annually.
Interest
Paid by the beneficiary and settled in arrears, in line with the frequency of the capital repayments.
Interest rate
3-month or 6-month Euribor index (0% floor). Maximum spread of up to 3.52%, applied in accordance with the customer’s credit rating and the term of the loan.*
Fees
The fees associated with the type of credit apply, in accordance with the current Pricing.
Guarantees
A capital guarantee provided by the EIF covering 80 per cent of the amount financed. Only personal guarantees are accepted.

Ready for the next step?

For further information on the FEI InvestEU Fund – Microfinance, please contact us or visit us at one of our branches.
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* Financing example:

APR: 3.5411%

 

APR calculated on the basis of a nominal annual interest rate (TAN) of 3.4950% – 3-month Euribor (simple arithmetic mean of the daily rates for August 2026, corresponding to 2.42500%, plus a spread of 1.07%) for a loan of 50,000 euros (drawn down in full on the date the agreement is signed), term of 60 months, with a 6-month grace period on principal repayment, with equal monthly repayments of principal plus interest, payable monthly in arrears.

 

This information does not constitute a contractual offer; all offers are subject to review and decision by Banco Montepio. Annual Percentage Rate (APR), calculated in accordance with Article 4 of Decree-Law No. 220/94 of 23 August.

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