ESIF- EAFRD Greece Guarantee Facility

Financing the investment plans of Farmers, SMES that are related to processing / marketing and/or development of Agricultural Products, Collective Farmer associations, with favorable terms and conditions with the ESIF- EAFRD Guarantee Facility.

  • Farmers, SMEs processing agricultural products, Collective Farmer Associations
  • Monthly,
  • 3-monthly,
  • 6- monthly
  • yearly instalments that pay interest and capital

based on Euribor + spread
  • The FoF provides 80% guarantee on each loan.
  • Reduced Collaterals
  • Preferential Pricing
  • Farmers, SMEs processing agricultural products, Collective Farmer Associations
  • Monthly,
  • 3-monthly,
  • 6- monthly
  • yearly instalments that pay interest and capital

based on Euribor + spread
  • The FoF provides 80% guarantee on each loan.
  • Reduced Collaterals
  • Preferential Pricing

Eligibility Criteria

The eligible categories for funding are:

  • Professional Farmers, Young Farmers, Collective Farmer Associations, Agricultural Cooperative, producer Groups, Entities qualifying as KINSEP
  • SMEs that are established and operating in Greece,
  • Investments in processing / marketing and/or development of Agricultural Products shall be carried out in one of the following specific sectors (*)

All of the above should have the following eligibility criteria:

  • Is not subject to collective insolvency proceedings (or any equivalent concept) nor fulfils the criteria under its domestic law for being placed in collective insolvency proceedings at the request of its creditors
  • Shall not have a substantial focus on one or more Restricted Sectors
  • Shall not be in an Exclusion Situation


1.Meat (including, but not limited to, cattle, poultry, pigs, sheep and goats slaughterhouses, meat and production of meat products, sausage units, animal by-products processing plants);

2. Milk (including, but not limited to, milk processing and the production of dairy products like cheese, yoghurt);

3. Eggs (including, but not limited to, egg packing);

4.S ericulture, apiculture, heliciculture;

5. Feed (including, but not limited to, the production of animal feed mixtures for the rearing of domestic animals, as well as animals used     for the production of fur);

6. Cereals (including, but not limited to, flour production, cereal drying);

7. Oil products (excluding the establishment of new olive oil mills);

8. Wine;

9. Fruits and vegetables;

10. Flowers (including, but not limited to, flower packing and marketing);

11. Pharmaceutical and aromatic plants;

12. Seeds and propagating material; or

13. Vinegar (including, but not limited to, production of vinegar from wine, fruit and other agricultural raw materials).

(**) Agricultural Products” means products listed in Annex I to the Treaty, with the exception of fishery and aquaculture products covered by Regulation (EU) No 1379/2013 of the European Parliament and of the Council of 11 December 2013 on the common organisation of the markets in fishery and aquaculture products, amending Council Regulations (EC) No 1184/2006 and (EC) No 1224/2009 and repealing Council Regulation (EC) No 104/2000 (OJ L 354, 28.12.2013, p. 1–21) (the “Fishery and Aquaculture Regulation").

Financing Characteristics

This Guarantee Facility offers investment loans and working capital loans that are being part of the investment project.

Eligible expenses (indicatively) are:

  • Costs for the purchase or lease of tangible and intangible assets
  • General costs linked to the eligible investment such as architect, engineer and consultation fees, fees relating to advice on environmental and economic sustainability, including feasibility studies, according to art. 45.2(c) of the EAFRD Regulation
  • Acquisition of new and second-hand equipment, machinery and appliances, provided that such acquisition is substantiated in the relevant business plan in terms of value, age and purpose of use;
  • VAT paid by the Final Recipient on eligible costs;
  • Live animals;
  • Purchase of land up to 10% of the total eligible expenditure of the investment;
  • New establishments of meat (other than poultry), slaughterhouses, provided that (i) they are located in island regions (as defined by relevant national legislation/regulation) and (ii) have a processing capacity of up to 400 tonnes of meat, or;
  • Investments in energy production, as long as their capacity does not exceed the needs of the holding or the Final Recipient, as reflected in the energy needs study included in the investment plan

Investment loans can also be used for funding the investment plans that fall under either Sub-measure 4.1 “Support for investments in Agricultural Holdings” or Sub-measure 4.2 “Support for investments in processing/marketing and or development of Agricultural Products”.

Ineligible expenses are (indicatively):

  • Support concerning the sale by farmers of non-agricultural products (**) to any customers on a retail basis;
  • Support concerning the processing (neither as input, nor as output) of products other than Agricultural Products(**) ;
  • Support concerning genetically modified products;
  • Fines, financial penalties, legal and litigation costs, exemptions from charges;
  • Tariffs;
  • Projects carried out by aquaculturists or fishermen as well as projects concerning fishery or aquaculture products covered by the Fishery and Aquaculture Regulation;
  • Establishment of new olive oil mills;
  • Activities constituting pure financial transactions;
  • Real estate development activities when undertaken as a financial investment activity;
  • The restructuring or refinance of existing debt
  • Financing of the research, development or technical applications relating to Genetically Modified Organisms
  • Financing of the production of and trade in tobacco

Investment Loan

Loan Amount: €10.000 - €5.000.000
Loan Duration: 2 -12 years, grace period up to 24 months

Working Capital

Loan Amount: starting from €10.000 (Working capital being part of the business plan of the investment project, for an amount not exceeding EUR 200,000 (two hundred thousand euros) or 30% of the total amount of the eligible costs for the investment which are financed, whichever is the higher).

This financial transaction benefits from the guarantee granted in the framework of the FoF. The objective of this fund of funds and its first loss guarantee is to support the access of the final recipients acting in the agricultural sector to the external financing necessary for the development of their businesses. Moreover, the purpose of this fund of funds is to contribute to the development of Greek territory, to the creation of new jobs in the agricultural sector and wealth on the rural territory of Greece.

Interest Rate

Euribor(1Μ, 3Μ, etc., based on the repayment method)   + spread + the Law 128/1975 levy currently at 0.12% or 0.6% depending on the farmer’s main business activity

Repayment Method

Monthly, 3-monthly- 6 monthly or annual installments that pay interest and capital


One – off or partial installments


Reduced collaterals due to the 80% Guarantee offered by the European Investment Fund

Availability period is until 31.12.2023.

How to get it

  • On line application

Submit your online application to and visit Piraeus Bank

  • For additional information

Visit any Piraeus Bank branch
Find the nearest branch

  • Call 210 32 88 000

ESIF EAFRD Greece is co-financed by the Hellenic Republic, the European Union under the European Agricultural Fund for Rural Development (EAFRD) and by the European Fund for Strategic Investments (EFSI). Europe invests in rural areas.