Microcredits

The Microcredit is a short or medium long term financing instrument which does not exceed the amount of EUR 25 000. and, it is aimed at financial inclusion and is supporting the set up and development of small and micro-enterprises. Unlike other financing products with similar features, microcredit in the context of Social Impact Banking, and as per the current rule, is a product dedicated to customer groups facing difficulties in accessing traditional financing services.

Targets

The target customers are small and micro-entrepreneurs who are at risk of financial exclusion; the companies financed must not exceed EUR 2mln annual turnover or assets and have less than 10 employees.
In addition, we would like to encourage specific categories of such entrepreneurs and emphasize the following:

• Beginner entrepreneurs regardless of their business activity (up to 3 years after their founding)
• Family farms
• Women entrepreneurs (micro-entrepreneurs owned by women > 50%)
• Entrepreneurs with disabilities (micro-entrepreneurs owned by persons with disabilities > 50%)
• Entrepreneurs innovators 
• Entrepreneurs in technology industries
• Micro-entrepreneurs engaged in health promotion and health care provision, caring for children, the elderly, the disabled, people with special needs, education of children and adults and similar activities that have a positive social impact
• Charities
• All micro-entrepreneurs in rural areas of the Republic of Croatia
• All micro-entrepreneurs in the areas prone to emigration.

It consists of:

• The amount of a single loan up to EUR 25 000
• Maximum tenor is five years
• Product type can be working capital or investment loan.

Our bankers in branches will offer additional non-financial services accompanying the microcredit product as an assistance in the preparation of the loan request and support in the post disbursement period for the development and consolidation phase of the financed initiative.
For all further information please contact your Banker/Relationship manager or visit the nearest entrepreneur centre.