Do you need a loan to start or expand an agricultural activity?

If you have an agricultural activity in area of Malësia e Madhe or Përmet – Fond BESA, in cooperation with VIS Albania and CESVI offer loans with the aim of improving the quality of life of rural households, promoting start-ups and clients’ social inclusion.

This loan aims to finance agricultural, livestock, agro-processing activities, whether these start-ups or existing ones.

Availability period: 15 March 2014 to 14 March 2017.

LOAN CHARACTERISTICS:

AMOUNT	The maximum loan amount is 500,000 ALL
CURRENCY	ALL
DURATION	Up to 3 years (36 months)
FEE	1-3% according to loan term
COLLATERAL	Mortgage is not a necessary condition for obtaining a loan. Lien, Pledge.
REPAYMENT	Depending on client preference: • Flat – equal installments for the whole repayment period. • Declining – Interest is calculated on the remaining amount of principal
INTEREST	15% Interest rate is consistent with: • Loan amount and terms • Collateral to be used as a guarantee for the loan • Number of loans the client has benefitted

This loan is delivered under “BESA AGRO PROJECT”, cofinancing of Fondi BESA and VIS Albania and CESVI

NO MORTGAGE!

Loans for all those who want to increase their agricultural and livestock production, invest in activities related to the processing and sale of agricultural and livestock products!

Thanks to the European Union’s support under the “Employment and Social Innovation” Program, to enhance the development of the agricultural sector and for supporting the entrepreneurial youth initiative, Fondi BESA and the European Investment Fund (EIF) have signed a Guarantee Facility to supporting these activities.

In the framework of this cooperation, Fondi BESA offers borrowers more competitive and attractive loan conditions than the normal credit conditions for agricultural loans provided so far. So, customers benefit:

• Interest rate reduced by at least 0.3%
• No collateral
• Customers may decide for themselves how much money they want to repay monthly, thus pursuing their cash flow cycle.

Availability period: 25 May 2016 to 30 September 2019

Whoever is interested is encouraged to apply and benefit from these preferential terms which are made possible from the EIF support.

LOAN CHARACTERISTICS::

AMOUNT	The maximum loan amount is 3,500,000 ALL
CURRENCY	ALL
TERM	Up to 5 years (60 months)
FEE	1-3% according to the loan term
COLLATERAL	Mortgage is not a necessary condition for obtaining a loan. Lien, Pledge.
REPAYMENT	Irregular:Based in the production cycle, this loan might be repaid in irregular monthly installments, flexible, seasonal. The monthly repayment amount will be calculated based on the client monthly income.
INTEREST	15.6% to 20% Interest rate is consistent with: • Loan amount and terms • Collateral to be used as a guarantee for the loan • Number of loans the client has benefitted

Example:

• Figures are approximate. For accurate figures, you need to get the right information at your nearest office of Fondi BESA in your city.

For further information, please read below:

http://ec.europa.eu/social/microfinance,

http://ec.europa.eu/social/socialentrepreneurship,

http://www.eif.org/what_we_do/microfinance/easi/

This funding is supported by the European Union under the Guarantee Scheme established under Regulation no. 1296/2013 of the European Parliament and Council on the Program for Employment and Social Innovation.

To apply for this loan product, please contact the nearest Fondi BESA office or phone +355 42 25 38 41/2.

Agricultural loans for all farmers and residents of rural and semi-rural areas who develop income-generating activities both in the field of agriculture and non-agricultural activities, which in their nature are related to the processing of agricultural products.

Eligibility Criteria

(a) It is a company, enterprise, firm, business, sole proprietor, or other legal entity formed under the laws of the Republic of Albania or an individual registered as an entrepreneur in accordance with the laws of the Republic Albania.

(b)  It is engaged in one of the following economic activities:

(i) Primary Agriculture: including (1) livestock farming, (2) crop farming, (3) growing seeds or herbs, (4) growing vegetables or fruit, and (5) the manufacture or production of fertilizers or edible oil;

(ii) Agri Equipment, Logistic and Service Providers: including (1) farming machinery and equipment suppliers, and (2) silos and refrigerated storage;

(iii) Agri Processing: including (1) bakeries and patisseries, (2) meat slaughtering and processing, (3) egg and dairy producers, (4) edible oil producers, (5) packaged food producers, and (6) water, non-alcoholic beverages, beer and wine producers; or

(iv) Agri Wholesale and Retail: including (1) agri-commodity and food wholesalers, and (2) food retailers.

(c) It is operating primarily in the Republic of Albania.

(d) The activity is registered and operate in compliance with the Albanian legislation

Availability period: 6 December 2016 to 30 December 2019 

LOAN CHARACTERISTICS:

AMOUNT	The maximum loan amount is 3,500,000 ALL
CURRENCY	ALL and EURO
DURATION	Working capital: max 3 years (36 months) Investments: max 4 years (48 months)
FEE	1-4% depending on loan term
COLLATERAL	Mortgage, Pledge, Endorsement, Cash collateral depending on loan term.
REPAYMENT	Depending on client preference: • Flat – equal installments for the whole repayment period. • Declining – Interest is calculated on the remaining amount of principal. • Irregular: Based in the production cycle, this loan might be repaid in irregular monthly installments, flexible, seasonal. The monthly repayment amount will be calculated based on the client monthly income.
INTEREST	21.6% to 28.8% Interest rate is consistent with: • Loan amount and terms • Collateral to be used as a guarantee for the loan • Number of loans the client has benefitted
GRACE PERIOD	In accordance with the type of activity the client can apply for grace period 1 – 6 month, in accordance with the income generation cycle in agriculture.

This loan is delivered under “BERZH AASF” Project, cofinancing of Fondi BESA and ERBD and Albanian Government