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.
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:
It consists of:
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.