ReSt@rts
Photo by RODNAE Productions from Pexels
Reinforcing Med Microfinance Network System for Start-ups

About the project

Access to finance is still a major barrier to business development in the Mediterranean. This is especially true when it comes to young entrepreneurs that must fight much more than average to get proper funding. ReSt@rts intends to break down this business obstacle by supporting the so-called “non-bankable” young people. The project will extend the microfinance system developed in previous projects to new geographical areas and sectors and will ensure that the main results of these projects are consolidated into new policies at regional level. Aimed at both entrepreneurs and microfinance providers, a marketplace platform will be developed to gather the supply and demand in a friendly and easily accessible business environment. In this platform, crowdfunding will be playing a key role, as the ReSt@rts partners understand that the use of alternative financing is essential whenever the traditional ways of funding fail. Thanks to ReSt@rts, many Mediterranean young would-be entrepreneurs will get a new chance to fund their business ideas. Eventually, concerned entrepreneurs will have access to a wide Mediterranean cross-border networks of pontential investors.

Key information

ReSt@rts
Reinforcing Med Microfinance Network System for Start-ups
A.1 Business and SMEs development
A.1.1 Start-ups and recently established enterprises
Italy, Palestine, Tunisia, Lebanon, Greece, Cyprus

Financial data

1.1 million
Total budget
0.9 million
EU contribution
%
10%
Project co-financing

Highlights

Project in numbers

9
Partners
6
Countries
8
Technical outputs

Project duration

Start date
End date

Partnership

News

Events

Library

Project outputs

Documents

Videos

Objective

To contribute to stimulate access to finance in the Mediterranean, by broadening the funding options, encouraging the use of alternative finance and gathering the supply and the demand within a transnational and digital marketplace

What will be improved?

Aside from replicating a full-structural microfinance model of support to entrepreneurs and fund providers, the project will have an impact at different levels. On the short run, new business ideas will be promoted and funded, facilitating the access of new products and services to the market and strengthening the entrepreneurship mindsets of the Mediterranean youth that otherwise might be discouraged when seeing their ideas turned down over and over again. On the long run, new jobs will be created as a result of the empowered business ideas, and, last but not least, the overall framework of access to credit and alternative microfinance in the participating countries will be smarter and more effective than it is today.

Who will benefit?

  • Young entrepreneurs and women usually considered as ‘non-bankable’
  • Business angels
  • Private and public finance institutions
  • Local and regional authorities

Expected achievements

  • 1 industry microfinance study 2.0
  • 1 microfinance providers association set in place
  • 1 microfinance manifesto for public authorities
  • 1 training delivered to microfinance providers
  • 1 Massive Online Open Course (MOOC) for aspiring Mediterranean entrepreneurs
  • Consultancy support provided to entrepreneurs
  • 1 digital marketplace platform that will gather supply and demand of microfunding

Contribution to policy-making

The main contribution of ReSt@rts to policy-making will be to reach and involve multiple stakeholders, connecting the policy framework developed for crowdfunding with the one developed for the business empowering of fragile target groups, such as youth and women. ReSt@rts will apply this model to the Mediterranean context, thus further improving the harmonization of the regulatory framework and mutual exchange. The European Crowdfunding Network “AISBL”, associated partner to the project, will play a crucial role in guiding the public authorities in integrating the tools proposed by ReSt@rts.

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Project news

ReSt@rts: Lebanese partner announces the provision of travel organisation service

The Lebanese partner of the ReSt@rts project is looking for a travel agency to organise travel service for the 1st Awareness Event in Sfax

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Project news

ReSt@rts project advances in strengthening the network of microfinance organizations

Project partners discuss further steps, such as the creation of a Microfinance Providers Association

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Project news

ReSt@rts: Reaching New Targets in the Microfinance Study and Association Formation

The Greek partner, Chamber of Achaia, provides updates on the capitalisation process of MEDSt@rts project activities, including Microfinance Study

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Project news

Lebanon: ReSt@rts project is looking for a public policy expert

The Chamber of Commerce, Industry and Agriculture of Saida, is looking for a public policy expert. Deadline for submission: 13 Oct 2022

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Project news

ReSt@rts in Lebanon works to help start-ups and SMEs find micro-finance providers for growing their business

The Chamber of Commerce, Industry and Agriculture in Sidon and South Lebanon scheduled a series of meeting with the Lebanese Microfinance As…

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Project news

ReSt@rts project is looking for staff in Italy

The Arab Italian Cooperation Chamber is looking to hire staff to support the activities of the ReSt@rts. Deadline: 27th of July.

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Project news

Rest@rts will develop a Marketplace Platform containing the basis for a Crowdfunding system

Rest@rts partners inform on ‘Equity Crowdfunding’ acknowledging that the use of alternative financing is essential whenever the traditional ways of funding fail.

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Project news

Subscribe to ReSt@rts newsletter to discover our events, activities and opportunities in the field of access to finance

We will soon release its first newsletter, subscribe through the link to receive news, insights, events and job opportunities.

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Project news

ReSt@rts Kicks off Mediterranean Microfinance Industry Study

The study will map out microfinance institutions, instruments, programmes in the Med region

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Project news

The Microfinance Promoter, a New Professional Figure to be Capitalized in ReSt@rts

Microfinance institutions will receive technical assistance for improving services and offering guidance for new and aspiring entrepreneurs

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Project news

ReSt@rts Capitalizes on MedSt@rts to Support a Buoyant Entrepreneurship Scene in the Mediterranean

The Lebanese Partner of ReSt@rts establishes preliminary action points in a hybrid capitalisation event .

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Project news

ReSt@rts Project to Eliminate the Stigmatization of Female Entrepreneurship in Western Greece

Greek Partner of the ReSt@rts: The project will help eradicate women's fears about entrepreneurship

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Project news

The Italian Partner of ReSt@rts is Looking for a Collaborator for the Collection of Materials

For drafting the Microfinance Booklet, Federziario Financier is looking for a collaborator to collect material, texts and documents.

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Project news

Tunisia: ReSt@rts Project Supports Young Entrepreneurs amidst the Constraints in the Banking and Finance System

Ager Sarl, the Tunisian partner of ReSt@rts presents the main financing constraints faced by young entrepreneurs

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Project news

ReSt@rts Facilitates Access to Finance to non-bankable Youth in 6 MED Countries including Palestine

Leaders International, the Palestinian partner of ReSt@rts address the importance of the project for the non-bankable youth

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Project news

ReSt@rts: Tunisian Partner announces the provision of external audit services

Ager Sarl, a partner in the ReSt@rts Project funded by the European Union under the ENI CBD MED Programme, is looking for an external auditor for this project.

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Project news

Rest@rts project: Adressing the challenges of funding in Lebanon

Lebanese partner of ReSt@rts- Chamber of Commerce, Industry and Agriculture in Sidon and South Lebanon- giving insights about the available financing options in Lebanon.

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Project news

ReSt@rts links demand and supply of financial and non-financial services, to support Mediterranean youth entrepreneurs

The Greek partner of the ReSt@rts project discuss how better microfinance networks build better regional start-up ecosystems in Greece

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Project news

ReSt@rts supports non-bankable young people in the Mediterranean through crowdfunding

The Cyprus Chamber of Commerce and Industry (CCCI) gives us insight into the Rest@rts project implementation in Cyprus.

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Project news

Italy: Federterziario brings its expertise in microfinancing to ReSt@rts project

ReSt@rts: the Italian partner Federterziario highlight their expertise in the microfinance framework.

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Project news

Rest@rts Project is looking for an external auditor in Lebanon

The Chamber of Commerce, Industry and Agriculture of Saida, Lebanese partner of the Rest@rts Project is looking for an external auditor. Deadline for submission: 4 March 2022

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Project news

ReSt@rts project: Call for external auditor needed for the Tunisian partner

The Sfax Chamber of Commerce and Industry “CCIS”, Tunisian partner of the Rest@rts project, is looking for external audit services. The closing date to present bids is 05/02/2…

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Project news

ReSt@rts: A microfinance support project is launched in the Mediterranean Basin

The project ReSt@rts - Reinforcing Med Microfinance Network System for Start-ups, co-funded by the European Programme for cross-border cooperation with Mediterranean countries…

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