Investment & Fund Management
the organization faced significant challenges in accessing
Full Credential Description
In the case study of Abiomed, a Sicilian agricultural producer association, the organization faced significant challenges in accessing funding due to the nature of small agricultural businesses, which often lack the necessary collateral and financial strength to secure traditional bank loans. This situation was exacerbated by the unpredictable nature of agriculture, where factors like weather can drastically affect production and financial stability.
To address these issues, Abiomed utilized an EU-guaranteed loan facilitated by Cassa Depositi e Prestiti, backed by the European Investment Fund (EIF). This financial support allowed Abiomed to avoid requiring personal guarantees from its producers, thereby reducing the financial burden on individual farmers. The loan process was efficient, with financing secured within two months, enabling the organization to enhance its operations by purchasing essential supplies such as fertilizer and packaging materials.
As a result of this tailored financial solution, Abiomed was able to boost its stock levels and is now looking to make further productive investments to ensure continued growth. The organization is also committed to community engagement, collaborating with local schools on initiatives that promote nutrition and healthy lifestyles among youth and athletes. This holistic approach not only supports the business's growth but also fosters community well-being, demonstrating the multifaceted benefits of the EIF-backed financing.