CEB - Working Capital Loans with a positive contribution to the creation of new jobs in MSMs

Objective of the loan:

Funds from the credit line are aimed at supporting the MSMs for working capital needs.


Purpose of the loan:

Financing of working capital in micro, small and medium-sized enterprises (MSMEs according to the EU definition), such as purchase of raw materials, goods and services, rent and utility payments provided that these costs relate to carrying out an economic activity, wages and other staff costs, as well as payment of VAT and non-refundable taxes.


Sources of funds:

Council of Europe Development Bank in the amount of EUR 50.000.000.
(Up to 30% of the credit potential of the credit line)


Eligible beneficiaries:

Potential beneficiaries may be micro, small, and medium enterprises (MSMs according to the EU definition), registered in the Republic of North Macedonia.



Terms and conditions of the loan:


Single loan amount for the final borrower:

The minimum amount of EUR 5.000
The maximum amount of EUR 1.000.000
Repayment period:

Minimum: 18 months.
Maximum: 36 months.
Grace period included:

No grace period included.
Interest rate for the borrowers:

It is to be determined upon withdrawal of funds/the tranche from CEB.
Manner of repayment:

Quarterly.
Participation of CEB funds in project financing:

Up to 70%.
Disbursement to and repayment by the intermediary bank:

Foreign currency (EUR).
Bans and exclusions:
  • Maximum project value per MSME is EUR 2.000.000,
  • Up to 70% of the project value is credited,
  • It is not allowed to lend working capital for the implementation of projects in the field of: renewable energy sources (unless the purchase of solar panels is for the purpose of obtaining energy for one's own needs), schools and faculties, hospitals, factoring, tobacco production, ore mining, chemical industry and artificial fertilizers, coal and oil industry, processing of nuclear fuel, manufacture of weapons and military equipment, financial and insurance activities, real estate activities and gambling.
CALCULATOR

Lending and Commission Work Division Contact:

Tel. 02/3115-844, 02/3114-840 ext. 121, 124, 127.