Setting up a micro-fund as an alternative way to provide guarantees or loans for small, local organisations.
Often small organisations suffer funding problems. Traditional investment and loan institutions might not find them interesting or secure enough to invest in. That is a huge obstacle for these small organisations that want to grow and invest in the development for their rural surroundings. To cope with this problem the ‘Coompanion Västernorrland’ established a micro-fund as an alternative way to provide guarantees or loans to small, local organisations.
The micro-fund has reached as many people as anticipated in order for it to become established and recognised in the area.
The micro-fund will lead to more enterprises and organisations being able to take the chance/risk to invest in rural development.