Inicjatywa Mikro [IM] was established in Southern Poland in 1996 as a limited liability company to provide loans to entrepreneurs and smaller businesses as a means to support enterprise; growth; job creation and general community development. The majority of our clients are unable to access business loans from the banking sector.

As of December 31st 2008 the gross loan portfolio outstanding was 25.421 million zloty[unaudited], this growth representing a 76% increase since the 31 Dec 2007. In addition, over the same period active clients have increased by 64 % to 1,668.

The headquarters are based in Krakow, the number one tourist attraction in Poland and. branch offices were opened in Krakow; Katowice; Bielsko; Czestochowa between 1996 and 2002, with three new offices being established in the first four months of 2008 in Radom; Tarnobrzeg and Kielce. All the offices are in excellent central locations and highly visible to our current and potential clients.

I.M. has at present twenty nine staff, of whom 17 are based in the branches, with six offices having direct administration support.

The objective of I.M. is to build the client base to over 10,000 clients by 2012, and increasing this to 25,000 clients,[est 2016].

These objectives will be attained by continuing to develop core activities for micro and small sized businesses, as well as expanding the services that can be afforded to these clients.
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