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photo source: ipn.md

Posted by: Cornelia Stefoglu

News / Economic

14 Feb. 2020 / 09:01

Young entrepreneurs to access low interest loans

Young entrepreneurs will access low interest loans through the "Youth Credit Facility" Program. For this year, the financing funds were supplemented by 100 million lei.

Thus, the maximum rate for beneficiaries will not exceed 6.5%.

The expanded program aims to support young entrepreneurs and to create new jobs.

Beneficiaries of the Program can become natural or legal persons aged between 18 and 35, who own at least 75% of the property of the company.

The maximum amount of a loan is 1.5 million lei.

So far, 146 young entrepreneurs from 29 districts received loans with the promotional interest rate.

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