Tag Archives: Credit

Europe Development Bank

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Europe Development Bank

The Council of Europe Development Bank (CEB) and REDI Economic Development S.A. signed a €5 million loan to support Roma-owned microenterprises in Albania, Kosovo, Moldova, and Romania with affordable credit access.

The loan aims to unlock over €8 million in microloans, supporting over 1,000 businesses and creating or maintaining over 2,000 jobs, with a focus on women entrepreneurs and Roma communities.

This is the second loan from CEB to REDI Fund, following a previous €3 million loan in 2021, which has already supported around 460 beneficiaries, including 300 Roma entrepreneurs.

King Credit

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King Credit

A gang known as King Credit in the “Lyulin” Roma neighbourhood in Sofia is reportedly terrorizing the local Roma population by offering small loans with exorbitant interest rates, leading to violence and threats of murder when debts are unpaid.

Victims have shared harrowing accounts of physical abuse, public humiliation, and threats to their lives, indicating a systematic pattern of exploitation targeting the most vulnerable individuals.

Authorities have received multiple reports about King Credit’s activities, and there is a growing movement among the community to speak out against these abuses.

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