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Mission

Action Finance Initiative (AFI) is a microfinance not-for-profit Company with a mission to:

  • Fund entrepreneurs, who do not have access to credit from mainstream banks, especially the unemployed and people on welfare,
  • Support entrepreneurs before, during and after the creation of their enterprise in order to ensure its sustainability and development,
  • Advocate for a more suitable fiscal and institutional environment for microcredit and entrepreneurship to flourish.

Vision

To improve the sustainable livelihoods of our beneficiaries and to be the leading microfinance organization throughout Greece.

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Why Afi

Romina - Fashion

Costas - Tourism

Dimitris - Agriculture

About Us

Funding

Funding up to €12.500
Repayment up to 48 months
Grace period up to 6 months
Purchase of Pancretan Cooperative Bank’s stock worth €40
Annual interest rate 7,47%* (variable based on Euribor)
Guarantor for the 50% and up to €3.000

Business Support

Prior the disbursement of the microloan, we offer support for the preparation of a 3-year profit & loss statement (P&L) and a cash-flow analysis. At the same time we identify the needs of the entrepreneur and we identify the entrepreneur's training and business support needs and we pair him with a volunteer-mentor who will cover these needs either before and/or after the approval and disbursement of the microloan.


Possible Examples of Funding

Stock Renewal

  • Loan Amount: 4.000€
  • Repayment period: 18 months
  • Grace period: 2 months
  • Monthly installment: 264€
  • Total interest: 269€

Marketing & Promotion

  • Loan Amount: 6.000€
  • Repayment period: 36 months
  • Grace period: 3 months
  • Monthly installment: 203€
  • Total interest: 782€

Ανανέωση στοκ

  • Loan amount: 3.000
  • Purchase of seeds
  • Repayment period: 20 months
  • Grace period: 3 months
  • Monthly installment: 187€
  • Total interest: 231€

Purchase of equipment

  • Loan Amount: 10.000€
  • Repayment period: 48 months
  • Grace period: 6 months
  • Monthly installment: 272€
  • Total interest: 1800€