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Qredits, launched in January 2009, is the Netherlands's principal provider of microfinance.

It is based in Almelo and has 9 branch offices in Amsterdam (2), Breda, Den Haag, Eindhoven, Groningen, Sittard, Utrecht and Zwolle.

It is a private foundation, founded by a group of public and private partners:

  • three banks: ABN AMRO, ING Nederland and Rabobank)
  • the Ministry of Social Affairs and Employment, the Ministry of Economic Affairs
  • a fund for employment and living

Qredits works nationwide in the Netherlands and provides financing and coaching facilities for micro-entrepreneurs, both existing and start-up. Microcredit is provided up to a ceiling of €35.000. The target group is: all micro-entrepreneurs (<5 employees, turnover under €250.000) active in the Netherlands with viable business plans, who have no access to regular credit facilities. In the first year 530 micro entrepreneurs where successfully financed. By December 2010 this number has increased to 1,141, with an outstanding portfolio of over €18 million.

On 11 Feb 2011 it became the first beneficiary of the EPMF loan fund, with a loan of €20 million. At the launch event, the Chief Executive of the EIF, Richard Pelly, and Managing Director of Qredits, Elwin Groenevelt signed a guarantee agreement and loan deal which will facilitate the provision of the €20 million loan, through Qredits, to micro-entrepreneurs in the Netherlands. Qredits hopes to extend support under €25,000 to over 1,000 small businesses, many of whom are higher risk borrowers and often face difficulties in accessing credit from traditional banking sources. Commissioner László Andor, Princess Maximá of the Netherlands and Dutch Deputy Prime Minister Maxime Verhagen attended the event.

Source: http://ec.europa.eu/social/main.jsp?langId=en&catId=836&newsId=987&furtherNews=yes
Visit address: Wierdensestraat 27, 7607 GE Almelo, Netherlands
Postal address: Postbus 302, 7600 AH Almelo, Netherlands
Website: http://www.qredits.nl/
See also: Stichting Mikrofinanciering en Ondernemerschap