WE SUPPORT YOUR BUSINESS LOAN


“We Support Your Business” Loan is a loan product in view of the loan agreement between Fondi Besa sh.a and European Investment Fund (EIF).

Who can apply?
Entrepreneurs, who own and aim to expand their existing micro-enterprises or those who aim to establish a new business (small enterprise), in urban and rural areas in Albania.

Loan Purpose

This loan aims to enhance access to financing for micro and small entrepreneurs who operate in rural and urban areas in Albania.

Eligibility Criteria

(a) Company, entrepreneurship, business, single owner or other legal entity in compliance with Albanian legislation or an individual registered as entrepreneur in compliance with Albanian legislation.
(b) The Borrower, to the best of his knowledge, must not be in an exceptional situation.
(c) The Borrower must not be subject of any procedure for lack of liquidity, bankruptcy or in similar positions due to the requests of his creditors.
(d) The Borrower must not be a sanctioned person and not in violation of restrictive measures.
(e) The Borrower must not include in his business activity any illegal activity according to the legislation in force in Albania.
(f) The Borrower must not be engaged in any illegal activity.

LOAN CHARACTERISTICS:

 

  AMOUNT   • 300,000 ALL up to 3,000,000 ALL
• 2,000 Euro up to 25,000 Euro
  CURRENCY   LEK/EURO
  TERM   Up to 8 years (96 months)
  FEE   2% up to 5% according to loan duration
  COLLATERAL   Mortgage, Lien, Endorser depending on the loan amount.
  REPAYMENT Depending on the customer’s preference:
• strong>Flat – equal installments throughout the loan repayment period.
• strong>Declining – Calculated interest over the remaining amount of principal and loan installments are decreasing
  INTEREST  

 

18.0% up to 19.5% for loan in LEK
17.0% up to 19.0% for loan in EUROThe interest rate is in accordance with:
• Loan amount and duration
• Number of loans received by the customer
EIR • in currency LEK 20% up to 30%
• in currency EUR 20% up to 25%

 

DOCUMENTATION

• Registration Certificate of Taxable Person (NUIS/NIPT)/ registration in Local or Central Tax Office (mandatory)
• Identity card/passport of the endorser/guarantors
• Family certificate for borrower and guarantors
• Ownership and business documents
• Business financial documents
• Tax liability certificate
• Other, depending on the case.

* In all cases, business will the borrower while endorser will be its legal representative/administrator.
** The business/ its legal representative/administrator can be the guarantor only in a single loan of Fondi Besa sha.
*** Necessary documents can be added for decision making, if deemed reasonable by the Branch.

What cannot be financed?

The following sectors do not benefit from this loan:

1. Illegal economic activities
2. Tobacco and distilled alcoholic beverages
3. Production and trade of arms and ammunition
4. Casinos
5. Fossil-fuel based energy production and related activities
6. Energy intensive and/or CO2-emitting industries and sectors

 

“BESA TOURISM” LOAN


Fondi BESA offers you care for your needs! – the “BESA TOURISM” Agricultural Loan.

BESA TOURISM LOAN targets businesses that operate in the tourism sector or individuals that want to start up a business in this sector.

With the “Besa Tourism” loan, you can decide yourself how much the monthly installment will be.
The application procedures are very simple and transparent!

Visit us at one of the nearest BESA Fund branches, and our staff will welcome you.

LOAN CHARACTERISTICS:

 

  AMOUNT   The maximum loan amount is 6,000,000 ALL
  CURRENCY   ALL
  TERM   Up to 7 years (84 months)
  FEE   1.5-5% according to the loan term
  COLLATERAL   Mortgage, Lien, Pledge, Endorsement depending the loan term and conditions.
  REPAYMENT Irregular: Based in the production cycle, this loan might be repaid in irregular monthsly installments, flexible, seasonal.
The monthsly repayment amount will be calculated based on the client monthsly income.
  INTEREST  

 

15% 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
  NEI    17.47% up to 18.73%

  

EXAMPLE:

Loan valueMonthly installmentMaturity (months)Guarantee
500,00014,95048LIEN
800,00023,50048Mortgage
1,500,00037,28060Mortgage

*The rates are orientating.
** For accurate figures you must obtain accurate information in the nearest office of Fondi BESA in your city.

LOAN FOR WOMEN IN BUSINESS


LOAN FOR WOMEN IN BUSINESS

Fondi BESA sh.a aims at strengthening the role of women in the economic life of the community, promotion of women entrepreneurs.

LOAN FOR WOMEN is a loan that is specifically designated for women:

  • In order to meet business needs (private enterprises that are involved in various services, production/procession/retail trade etc.
  • Aimed at using the loan for agrobusiness purposes.

Beneficiaries:
Every woman, who owns or is willing to have her own business, currently owner or manager of a business.

 

LOAN CHARACTERISTICS:

   

  AMOUNT   50,000 – 600,000 ALL
  CURRENCY   ALL
  TERM   48 months
  FEE   3-4% according to the loan term
  COLLATERAL   Without collateral 
  REPAYMENT Depending on client preference:
• Flat – equal installments for the whole repayment period.
  INTEREST   25% – 27%
  NEI  28.47% up to 30.52%

YOUTH LOAN


Are you 18 – 28 years old and without experience in business, but with a good business idea? – We finance you !

This is a short-term and medium-term loan targeting young people who are economically active in urban or rural areas of the country in order to promote self-employment and their social inclusion.

LOAN CHARACTERISTICS:

   

 

  AMOUNT   The maximum loan amount is ALL 1,500,000 
  CURRENCY   ALL 
  TERM   Up to 6 years (72 months)
  FEE   1.5-5% according to the loan term
  COLLATERAL   Lien
  REPAYMENT Depending on client preference:
Flat – equal installments for the whole repayment period.
Declining – Interest is calculated on the remaining amount of principal
  INTEREST   18%
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
 NEI %

  

BUSINESS LOAN IN LEK


 

• Do you want to expand your business?
• Are you thinking of buying new equipment or machineries?
• Do you have ideas and initiatives to start a new business?

You can achieve these through our product ”Business Loan”

Fondi BESA supports you to finance any income generating activity, to finalize your projects, to improve technology, purchase equipment and machineries, increase inventory, etc.
With the Business Loan, you will not face any interest rate change over the entire duration of the loan. That is, in order for you to be able to plan at the time of receiving the loan what the amount of the loan installment you will pay each month.

 

Criteria to Benefit the Loan:
• Customers who apply must have the necessary knowledge and experience of the activity they are applying for financing.
• Customers must own 30% of the funds needed for funding and Fondi BESA offers up to 70% of the investment value.

  

LOAN CHARACTERISTICS:

   

 

AMOUNT The maximum loan amount is 15,000,000 ALL
CURRENCY ALL
DURATION Up to 10 years (120 months) 
FEE 1.5-5% according to the loan term
COLATERAL Mortgage, Lien, Pledge, Endorsement depending on the loan amount.
REPAYMENT Depending on client preference:
Flat – equal installments for the whole repayment period.
Declining – Interest is calculated on the remaining amount of principal.
INTEREST 17% to 26%
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
NEI 18.66% to 25.51%

  

Example :

 

Loan AmountMonthly InstallmentMaturity (months)Guarantee
500,00016,30048LIEN
1,000,00028,76860LIEN
1,500,00037,69072Mortgage

  

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

Please download the Standardized Pre-contractual Information Leaflet

 

  

NOTE:
The following types of business do not benefit this loan:
• clubs / casinos,
• gambling machines / slot machines,
• agencies/insurance services,
• political parties,
• pornographic or similar activities,
• trade and production of weapons,
• as well as any kind of activity that harms the environment

BUSINESS LOAN IN EURO


    

• Do you want to make an investment in EURO?
• Do you have your income in EURO?
• Does your business conduct transactions with international companies?

 

Fondi BESA offers you loans in EURO currency!

This is to facilitate the investment and loan repayment process by reducing the exchange rate risk the client mightface.
The client will have no change in the loan installment even if there is fluctuations in the foreign exchange rate. Customers must own 30% of the funds needed for funding and Fondi BESA offers up to 70% of the investment value.

  

LOAN CHARACTERISTICS:

   

 

  AMOUNT   Up to 150,000 Euro
  CURRENCY   Euro
  TERM   Up to 8 years (96 months) for amounts up to 60,000 Euro
Up to 10 years (120 months) for amounts over 60,000 Euro
  FEE   1.5-5% according to loan terms
  COLLATERAL   Mortgage, Lien, Pledge, Endorsement depending on the loan amount.
  REPAYMENT Depending on client preference:
Flat – equal installments for the whole repayment period.
Declining – Interest is calculated on the remaining amount of principal.
  INTEREST   16% – 25%
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
  NEI 14.47% up to 24.29%

Example :

 

Amount of LoanMonthly installment Maturity (months)Guarantee
5,00014160LIEN
10,00027660Mortgage
25,00061372Mortgage
65,0001,171120Mortgage

  

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

Please download the Standardized Pre-contractual Information Leaflet

PERSONAL LOAN


    

Is your business under the licencing proces and you need financing? Fondi BESA supports you financially to continue your activity!

Interest rate remains unchanged throughout the loan duration!

Advance payment option without any commission or fine surcharge!

LOAN CHARACTERISTICS:

   

 

  AMOUNT   The maximum loan amount is  2,000,000 ALL
  CURRENCY   ALL
  TERM   Up to 7 years (84 months)
  FEE   1.5-5% according to the loan term
  COLLATERAL   Amounts up to 600,000 ALL: Without collateral (Pledge/Endorsement)
Amounts over 600,000 ALL: Mortgage/Lien
  REPAYMENT Depending on client preference:
Flat – equal installments for the whole repayment period.
Declining – Interest is calculated on the remaining amount of principal
  INTEREST   22% to 33%
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
 NEI 27.22% to 38.38%

  

EXAMPLE:

 

Loan valueMonthly installmentMaturity (months)Guarantee
400,00013,94048PLEDGE/ENDORSER
7,000,00020,95860LIEN
1,500,00039,49072MORTGAGE

*The figures are orientating.

** For accurate figures you must obtain accurate information in the nearest office of Fondi BESA in your city.

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