COMPANIES & STRATEGIES - FINANCE & LEGAL

Microfinance

My Microbusiness contest: 4 winners rewarded



The jury awarded the prizes on the basis of various criteria, including the entrepreneur's life story, the social impact of the project and the development prospects. (Image: Tania Alamilla for Microlux)

The jury awarded the prizes on the basis of various criteria, including the entrepreneur's life story, the social impact of the project and the development prospects. (Image: Tania Alamilla for Microlux)

On 27 October, Microlux rewarded four micro-entrepreneurs who won the My Microbusiness competition, in the presence of the Minister of Finance, Pierre Gramegna (DP).

The My Microbusiness competition, organised by Microlux, rewards projects built on a very good idea but for which the entrepreneurs lack the development budget.

This year, 18 applications were submitted and four winners were selected. In doing so, the jury took into account the life path of the entrepreneur, the social impact of the project and the development prospects.

The winners:

- Louis - Un amour de choux - patisserie: BGL BNP Paribas prize (€3,000)

- Fellness - Ecological grooming salon for animals: Foyer prize (€3,000)

- Lëtzeburger Foodtruck: Cactus prize (€2,000)

- Télio - Mediterranean and oriental specialities: Arendt & Medernach prize (€3,000)

- Lëtzeburger Foodtruck: Coup de cœur du public and L'essentiel awards (€5,220)

Microlux supports and finances part of the activity of self-entrepreneurs who do not have access to traditional bank financing. Since its creation in 2016, Microlux has granted about 150 microcredits allowing the creation of more than 200 jobs.