Investment & Fund Management

Thomas Veh, a pest control and disinfection entrepreneur in Germany, faced significant challenges in securing financing to launch his business. After initially being rejected by a bank, he persevered and eventually received support from a local savings bank, which understood his business plan and recommended an EU-guaranteed loan facilitated by the German KfW Banking Group and backed by the European Investment Fund (EIF). This loan was part of the Investment Plan for Europe, aimed at fostering new investments in small and medium-sized enterprises.

With the financial backing, Thomas was able to quickly implement his business ideas without the need for expensive machinery. He utilized the funds to purchase necessary materials and modify his vehicle for his pest control operations. Since starting his business in February 2016, he has been steadily progressing with his business plan and is now considering hiring refugees to assist with his workload, reflecting his commitment to both his business and the community. The loan not only provided him with the initial capital needed but also significantly accelerated his ability to establish and grow his company.