“Micro credit scheme for Young entrepreneurs In South East Europe”, or so-called ALDA credit line (as bank officers preferred to call it that way) has been potentially best way for SME to gain a serious investment projects. This fact approves the complete loan amount paid-off by two LDA Serbia offices together, which is EUR 1.085.344, 00. During past months, the conclusions are that the ALDA credit is attractive for potential borrowers. As for matters, due to great efforts of consultants and LDA teams, we managed to disburse a credit that helped SME’s in Serbia to feel the consequences of the World economic crisis little bit easier. 

In order to continue financing SME in 2010 through “Micro credit scheme for Young entrepreneurs”, Local Democracy Agency Subotica with a great help of Association of Local Democracy Agencies (ALDA) has managed several negotiation activities. By the end of 2009 several meetings were held. During those meetings all partners and donors in the project were informed about the effects of project implementation in Serbia. Point of the meeting was to present individual success of every single LDA office in the Balkan region. Meetings took place:

• in Milan, October 28th 2009.
• In Oslo, Decemer 15th 2009.

Milan Bošnjak

Micro credit consultant