The Fondi BESA offers you the best solution – the “BESA TOURISM” Agricultural Loan.

“BESA TOURISM ” AGRICULTURE 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	1-3% according to the loan term
COLLATERAL	Without collateral up to 600,000 ALL Amounts over 600,000 ALL: Mortgage, Lien, Pledge, Endorsement depending the loan term and conditions.
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% 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

QUICK LOAN” – Business

The quick loan for business is the easiest way to receive funds that are necessary for your business.

• NO COLLATERAL, NO GUARANTOR!
• Approval within a single day!
• Amount up to 600,000 ALL

The loan product “QUICK LOAN”- Business, is a product specifically designed for businesses and agrobusinesses that are willing to invest on every need and purpose such as:

Business

• – Investments in working assets,
• – machinery,
• – production lines,
• – equipment,
• – working vehicles,
• – adjustments of work premises etc.

Agrobusinesses

• – Construction of stalls,
• – addition of the number of animals in the farm,
• – construction of greenhouses,
• – establishment of orchards and auxiliary system,
• – purchase of agricultural mechanics,
• – fencing of farm venues,
• – purchase of processing equipment etc.

Beneficiaries:

Customers who exercise formalized commercial activity.

Active license >=3 months. If the subject exercises seasonal activity, minimally it must have an active season of (3 months), within the calendar year.

LOAN CHARACTERISTICS:

AMOUNT	The maximum loan amount is  600,000 ALL
CURRENCY	ALL
TERM	Up to 4 years (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. • Declining – Interest is calculated on the remaining amount of principal
INTEREST	Starting at 2.17% per month 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	29.33% to 30.60%

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	The maximum loan amount is  200,000 ALL
CURRENCY	ALL
TERM	Up to 3 years (36 months)
FEE	1-3% according to the loan term
COLLATERAL	Without collateral
REPAYMENT	Depending on client preference: • Flat – equal installments for the whole repayment period.
INTEREST	29.00%
NEI	33.18%

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 6,000,000 ALL For special cases, Fondi BESA considers loans over  6,000,000 ALL
CURRENCY	ALL
DURATION	Up to 10 years (120 months) for amounts up to  6,000,000 ALL Up to 10 years (120 months) for amounts over  6,000,000 ALL
FEE	1.5-5% according to the loan term
COLATERAL	Without collateral up to 600,000 ALL Amounts over 600,000 ALL: Mortgage, Lien, Pledge, Endorsement depending the loan term and 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	<=19% to 24.60% 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	19.56% to 27.57%

Example :

• 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,
• gamblings / slot machines,
• insurance agencies / 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.

LOAN CHARACTERISTICS:

AMOUNT	The maximum loan amount is 50,000 Euro For special cases Fondi BESA considers disbursing loans to the amount more than 50,000 Euro
CURRENCY	Euro
TERM	Up to 8 years (96 months) for amounts up to 50,000 Euro Up to 10 years (120 months) for amounts over 50,000 Euro
FEE	1.5-5% according to loan terms
COLLATERAL	Without collateral up to 5,000 Euro Amounts over 5,000 Euro: Mortgage, Lien, Pledge, Endorsement depending the loan term and 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	For amounts up to 50,000 euros: starting from 18% For amounts over 50,000 euros: starting from 16% 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

Example :

• 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	Without collateral up to 600,000 ALL 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 27% 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	24.48% to 30.60%

This low-interest loan supports Albanian small and medium-sized enterprises in order to develop them and will be used to finance SME projects, for investments, business expansions or technology improvements.
The SME Loan provides for the provision of a more favourable interest rate and repayment period compared to those in the market for SMEs that want to purchase goods and services made in Italy.

Who can apply?

All entities: natural or legal persons, that own or represent micro, small and medium (SMEs) enterprises and that currently operate an entrepreneurial activity or that would like to start-up an activity in Albania.

Eligibility criteria For SMEs: • The company is registered in Albania; • Not less than 51% of the company's capital is under the ownership of an Albanian citizen; • The annual turnover is lower than 10 million Euro; • The number of employees is lower than 250.

Loan criteria for SMEs The scope of the loan: • At least 70% of loan funds should be used to purchase equipment, machineries, technologies, technical assistance, industrial licenses, maintenance, spare parts and raw materials made in Italy; • Maximum 10% of the loan funds can be used to purchase raw materials relevant to the principal investment; • Maximum 30% of the loan funds can be used to cover local costs or from other neighbouring developing countries.

Loan criteria for small projects Project value: • From 15,000 Euro to 50,000 Euro. Target group: • Newly established micro, small and medium enterprises (Start-up) or existing ones. The scope of the loan: • At least 40% of the loan funds should be used to purchase equipment, machineries, technologies, technical assistance, industrial licenses, maintenance, spare parts and raw materials made in Italy; • Maximum 60% of the loan funds can be used to cover local costs or from other neighbouring developing countries.

What cannot be financed? • Local taxes, custom duties, VAT; • Investments in the free time and entertainment sector (gambling, bars and restaurants), real estate, arms, drugs and alcoholics, tobacco and by-products, production of products forbidden by the European Union countries for import and export as per the international agreements.

Which are the loan criteria? Repayment period: • From 3 to 8 years. Grace period:: • From 1 to 2 years (only the interest rate shall be paid during this period) Interest rate applied: • A maximum of 3% annual interest for loans in Euro; • A maximum of 4% annual interest for loans in ALL;

Which SMEs, Projects and Sectors are a priority to the Programme? Priority micro, small and medium (SME) enterprises: • Information and Communication Technology enterprises; • Enterprises owned (at least 51%) or administered by women entrepreneurs; • Manufacturing enterprises; • Exporting enterprises (exporting at least 50% of the total sales); • Newly established enterprises by Albanian immigrants residing in Italy. • Enterprises falling in industrial areas/parks; Priority projects/sectors: • Investment projects in Information and Communication Technology; • Projects in agriculture and agri-food sector; • Projects that conduct clean production with a low impact on the environment; • Projects that generate new jobs; • Projects for the generation of energy from renewable resources; • Projects that promote energy efficiency conservation; • Projects located in less developed areas of the country (outside Tirana-Durres area)

What are the benefits of priority projects? A project deemed as a priority shall benefit: • 2 years of grace period, (only interest shall be paid); deferral principal; • A guarantee from the Guarantee Fund that will cover up to 60% of the required loan amount.