EFSE and Vitas Expand Access to Local Currency Financing for Romanian MSEs

The European Fund for Southeast Europe (EFSE) has provided a senior loan in Romanian leu equivalent to EUR 2.0 million to Vitas. The funding is intended to expand local currency financing to micro and small enterprises (MSEs) that may otherwise have difficulty finding a business loan, especially in an economic environment burdened by the coronavirus pandemic.

Vitas is a regional microfinance institution operating in Western Romania with a special focus on reaching financially underserved MSEs. Having first partnered with EFSE in March 2019, Vitas is committed to the fund’s mission of boosting business and economic development in the country by expanding the financial inclusion of local enterprises.