The Microfinance Fund has been implemented, offering low-interest loans for very small businesses with up to 10 employees and an annual turnover of up to €900,000.
The Fund, which is financed by the European Social Fund and the “Competitiveness” Program 2021-2027, aims to support approximately 3,300 businesses, of which 1,000 will be women-led businesses.
The budget of the Microfinance Fund provides for the granting of low-interest loans totaling €80 million, ranging from €3,000 to €25,000, with a duration of 12 to 96 months, and a grace period of up to 6 months.
The Fund will provide interest-free financing at a rate of 60% for general entrepreneurship or 75% for women-led entrepreneurship.
