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Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure NL-2020-12/752 Updated – measures in Netherlands

Interest reduction and loan payment delays for small enterprises using microcredit Qredits system

Rentekorting kleine ondernemers op microkredieten Qredits

Country Netherlands , applies nationwide
Time period Temporary, 17 March 2020 – 31 December 2021
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Deferral of payments or liabilities
Author Amber van der Graaf (Panteia)
Measure added 21 April 2020 (updated 18 October 2021)

Background information

This expansion of the Qredits system is part of the package of emergency measures to deal with the COVID-19. This was a package of several measures which have been taken to combat the pandemic and its effects.

The Qredits microfinancing system is an existing government sponsored financier. This microcredits fund is more a permanent feature that is being temporally expanded as part of the package of emergency measures by the national government.

Content of measure

The Qredits microcredit fund is a governmental fund which provides financing as well as support and coaching to micro and small enterprises which face challenges gaining financing via more traditional avenues (such as bank loans). Users of the fund tend to be small, notably micro-enterprises and are often run by individuals with a poorer socio-economic or migrant background. With the aim of supporting small entrepreneurs who are hit by the COVID-19-related measures, Qredits has relaxed some of the financing conditions.

Small entrepreneurs can delay their loan payments for up to six months and the interest rate will be kept at 2%. The national government supports Qredits in this effort with a maximum of €6 million.


The following updates to this measure have been made after it came into effect.

16 June 2021

The arrangement has been extended until 31 December 2021, due to the continuous COVID-19 situation.

11 May 2021

Entrepreneurs can apply for a bridge loan up to 30 June 2021. The first 6 months months repayment is not required, providing an indirect interest discount.

13 July 2020

The aim of this measure is to support the 6,000 small entrepreneurs who currently have Qredits loans. Besides this Qredits hopes to provide another 2,000 entrepreneurs with Overbruggingskredieten , or bridging credits. In total Qredits aims to support 8,000 small entrepreneurs.

Use of measure

Data of 2020 indicates that Qredits granted 1,400 COVID-related interest reductions and loan payment delays. Data for 2021 not available yet.

Target groups

Workers Businesses Citizens
Does not apply to workers One person or microenterprises
Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Consulted Consulted
Form Consultation through tripartite or bipartite social dialogue bodies Consultation through tripartite or bipartite social dialogue bodies

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: Peak or cross-sectoral level


Since the outbreak of the Corona crisis, the government has had regular and close consultation with the social partners. Together the national level social partners and the government arrived at the first and second packages of emergency measures, announced March 17th and May 20th respectively.

Views and reactions

No information available.



Eurofound (2020), Interest reduction and loan payment delays for small enterprises using microcredit Qredits system, measure NL-2020-12/752 (measures in Netherlands), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.