Investment loans to support infrastructure projects, environmental protection projects and energy efficiency projects
Realization of investment projects at the local, regional and state level, which serve the purpose of sustainable valorization of natural resources and improvement of conditions for business development.
The interest rate is 5.00% on an annual basis with a proportional method of interest calculation.
For entities that project implemented in municipalities northern region and in municipalities who is are below 100% of the average value of the development index in Montenegro, special ones will be approved stimulation in the form of reduction interest rates by 0.50%.
Depending on the price of the available sources of financing, the interest rate may be higher, with which the beneficiary of the Fund's funds should be properly informed.
The fee for direct arrangements is 0.20% of the approved loan amount.
The deadline for using the loan is 24 month.
Note: IDF MNE JSC also implements this Program by means of commercial banks. More details see in the text Program.
The goal program and purpose
Loans are aimed at investing in road infrastructure projects , water supply, power system, sewerage, communal services, railways, public transport, warehouses of special importance, coastal infrastructure, educational facilities, teaching aids, intangible assets of importance, information technologies for improvement service, formal communication channels, etc.; as well as other smaller infrastructure projects that valorize economic potential (business zones, primary production zones, etc.).
Also, the program promotes the implementation of projects that improve environmental protection, improve energy efficiency, and promote renewable energy sources.
Loans are intended for investments in fixed assets.
IDF MNE JSC can finance up to 50.00% of the value of the total investment.
The amount of own capital must not be less than 25.00% of the value of total liabilities, increased by the amount of the requested loan (refers to direct credit arrangements).
Users
Beneficiaries of loans can be municipalities, the capital city, companies whose founder (majority owner) is the state or local self-government unit, public companies.
The end users of these credit arrangements can be entities that provide a certificate from the Tax Administration that they properly settle their tax obligations.
Security instruments
As instruments security loan of IDF MNE JSC will to accept promissory notes, mortgages on the real estate , banking guarantees, guarantees unit local self-government, guarantees of the Government of Montenegro, sureties creditworthiness legal persons, pledges claims and others usual instruments security in banking business in accordance with acts of IDF MNE JSC i decisions competent authorities of IDF MNE JSC.
All costs related to the acquisition of security instruments and the implementation of operations related to insurance, deletion and return of realized instruments are borne by the credit user.