30/09/2013 (Agence Europe) - EIB loan to support microcredit schemes. On 30 September, the European Investment Bank (EIB) granted Microbank a loan of €60 million to back microcredit schemes in Spain. Microbank itself provided €60 million so a total of €120 million will be lent on to small businesses and entrepreneurs. This is the first EIB loan in the EU to promote access to long-term financing and jobs for young people and the unemployed. The average Microbank loan is between...