The Hungarian Foundation for Enterprise Promotion, (MVA) was established as a non profit enterprise development organisation.in March 1990 by the Hungarian State, business associations, commercial banks and insurance companies. The mission of the'o'rganisation is to encourage the formation and development of small and medium-sized enterprises (SMEs), in 'Hungary. Since its establishment the MVA has acted as an Implementing Agency of almost all the Phare '5ME Development Programmes, mainly entrepreneurial loan and guarantee schemes, launched by the European Union. The MVA has been acting as a leader in microcrediting since 1992 by managing the National Microcredit Fund, having disbursed microcredit for 25000 SMEs in a value of mEUR 167. The MVA lays special emphasis on co-operation with the European Union, a process which started in 1992 and has been continuous and fruitful ever since and whose further enhancement is a cardinal issue.
- Management and continuous development of the
Micro Credit Program'me since 1992
- Management of the Credit and Capital Guarantee , Found
- Participation in EU JEREMIE programme
- Organisation of consultation and training programmes countrywide
- Creation and implementation of IT development programmes for SMEs
- Implementation of international programmes: sectorspecific
incubation houses, businessmen's meetings
- Participation in complex international programmes supported by the Leonardo da Vinci programme
OUR WORK EXPERIENCE
The activity of the MVA promotes and supports the presence of the SMEs in the Single European Market, mobilises reserves of economic growth, helps the creation of new jobs and alleviates regional economic inequalities. Programmes of the MVA are of nationwide scope and are aimed primarily at regions, counties or, in some cases, micro-regions. Major partners are the Local Enterprise Agencies (LEAs) and the enterprise promotion foundations some of which were established in the '90s by the MVA itself. The MVA enters into a long-term co-operation with these organisations on the basis of an equal status in order to implement joint programmes. As a determining entity in Hungarian SME promotion the MVA has and seeks additional long-term partnerships with other organisations involved in enterprise development such as entrepreneurs' advocacies, chambers of commerce, non-profit organisations, credit institutions and other funding agencies.