Keen to promote and foster a dynamic spirit of entrepreneurship in Luxembourg, we have signed a partnership agreement with Microlux, the leading microfinance institution in Luxembourg.
Through this partnership, we aim to assist entrepreneurs who have no access to traditional bank loans. It has to be recognised that financial exclusion – being unable to access credit – really does exist in Luxembourg.
This is why Microlux has set itself the task of offering support and providing micro-credit loans to individuals wishing to set up or expand their economic activity in Luxembourg.
As a result, since the adventure started, Microlux has awarded over 100 micro-credit loans, enabling 70 small businesses to be set up and more than a hundred jobs created.