Microloans for liquidity and working capital
Provision of funds to maintain liquidity and purchase working capital of entrepreneurs and micro-enterprises.
The interest rate is 5.30% per annum with a proportional interest calculation system.
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 is 0.30% of the approved loan amount.
The term of use (withdrawal) of the loan is until the 3rd month.
The goal program and purpose
Loan funds can only be used for the purchase of raw materials, raw materials, semi-finished products, small inventory, and payment of overhead costs.
Loans intended for entrepreneurs and companies in the tourism sector, the funds can be used for arranging, adapting, equipping spaces for the provision of tourist services, i.e. preparing motels and hotels and registered private accommodation.
Users
Loan beneficiaries can be agricultural producers , entrepreneurs and micro-enterprises (employing up to 10 employees) operating for more than 12 months.
With this credit line, IDF MNE JSC will lend to end users who generate income in the following activities:
- Production;
- Agriculture;
- Wood processing;
- Tourism and catering;
- Services;
- Trade.
Users of credit funds must meet the following criteria:
- -have an appropriate internal credit rating in accordance with the internal acts of IDF MNE JSC;
-achieved a positive net result in the financial statements for the year 2023 (if the company operated for the full year 2023)
-the account must not be blocked when applying for a loan or continuously blocked for more than 10 days in the last 12 months;
-they must not be late in paying their loan obligations for more than 45 days, including company owners.
Beneficiaries of the loan can be entities that provide a certificate from the Tax Administration that they properly settle their tax obligations.
Security instruments
As instruments security loan IDF MNE JSC will to take personal guarantees, sureties, promissory notes and similar instruments security user credit and owner user credit.
This funding can use a guarantee funded by the European Union under the Program for Employment and Social Innovation ("EaSI").
The Employment and Social Innovation Program (EaSI) is a funding instrument at the level of the European Union, initiated by the European Commission, intended to promote a high level of quality and sustainable employment, guaranteeing adequate and decent social protection, the fight against social exclusion and poverty, and the improvement of working conditions.
Through the application guaranteed schemes a larger one will be made possible availability financial means IDF MNE JSC more significant number entrepreneur and micro companies in the phase startup and development business. This instrument is intended for micro companies and entrepreneurs who have sustainable and profitable idea, which satisfy all needed criteria, but which they have difficult access microfinancing because collateral who is require financial institutions.