LDA in cooperation with the Bank Intesa brought new conditions for Micro credit. There have been changed the basic conditions, such as loan amount, interest rate, repayment period and cost of credit in the bank in order to approach entrepreneurs as much it is possible.

Due to the large interest in lower and upper limits the amounts of credit have changed. Now it can be apply for the amounts of 1,000 and to 30,000 euro. Nominal interest rate is reduced from 7% to 5.5% + 3M euribor which is a great benefit. In order to simplify the return of funds repayment period was extended from 3 to 5 years. Another benignity to the cost of credit is regulated on the basis of credit. The costs of processing applications are reduced, and range from 1 to 1.5% depending on duration of loan.

Nikola Isakov
Assistant in project
Micro credit scheme for start-up activities
For Young entrepreneurs In South East Europe