“BESA TOURISM PROJEKT” LOAN targets businesses that operate in the tourism sector or individuals that want to start up a business in this sector in the districts of Gjirokastër, Përmet, Berat and Skrapar.

Availability period: 17 April 2017 to 17 April 2020

LOAN CHARACTERISTICS :

AMOUNT	The maximum loan amount 15,000 Euro or equivalent in ALL
CURRENCY	EURO or  ALL
TERM	Up to 3 yeras (36 months)
FEE	1% per year on the total loan amount
COLLATERAL	Collateral is not an absolute condition for the loan approval
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 on the production cycle, this loan might be repaid with irregular monthly repayments, flexible according to the seasonality. The monthly installment will be calculated based on the client monthly revenues.
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
GRACE PERIOD	1- 6 months only for the flat and declining repayment calendar.

This loan is delivered under “BESA TOURISM PROJECT”, cofinancing of Fondi BESA and CESVI