“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

 

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 value	Monthly installment	Maturity (months)	Guarantee
500,000	14,950	48	LIEN
800,000	23,500	48	Mortgage
1,500,000	37,280	60	Mortgage

*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

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%

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	%

  

 

• 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 Amount	Monthly Installment	Maturity (months)	Guarantee
500,000	16,300	48	LIEN
1,000,000	28,768	60	LIEN
1,500,000	37,690	72	Mortgage

  

• 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

    

• 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 Loan	Monthly installment	Maturity (months)	Guarantee
5,000	141	60	LIEN
10,000	276	60	Mortgage
25,000	613	72	Mortgage
65,000	1,171	120	Mortgage

  

• 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

    

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 value	Monthly installment	Maturity (months)	Guarantee
400,000	13,940	48	PLEDGE/ENDORSER
7,000,000	20,958	60	LIEN
1,500,000	39,490	72	MORTGAGE

*The figures are orientating.

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