Investment & Fund Management
European Investment Fund Partner
Full Credential Description
Rosa Lopez, a young entrepreneur from Capdepera, Spain, faced significant challenges in launching her language school, Schwa Language Academy, primarily due to a lack of financial resources and business knowledge after completing her university studies. In a region heavily reliant on tourism, she identified a niche opportunity in language training but was uncertain about how to turn her entrepreneurial aspirations into reality.
To address these challenges, Rosa sought assistance from MicroBank, which provided her with tailored advice and a financial offer supported by the European Investment Fund (EIF) and the EU COSME programme. This financial backing was crucial for her to cover initial expenses, including the rent deposit and necessary materials such as books, games, and furniture to establish her business.
The results of this support were remarkable. Within just two years, the Schwa Language Academy expanded from a small team of three to eight employees and opened a new center in Sineu, in addition to the original location in Capdepera. Rosa's venture not only provided her with a fulfilling career but also created job opportunities for others in her community. She expressed her satisfaction with the growth of the school, noting the joy of seeing it filled with children, which underscored the positive impact of her entrepreneurial journey.