Guarantee agreement with NGF and Ministry of agriculture. The aim of the scheme is to facilitate access to finance for farmers in Bulgaria.
Who can apply?
- Registered farmers
- Beneficiaries of the RDP
What loans are granted?
- Loans for investment and working capital purposes
- Loans for implementation of projects under the Programme for Rural Development of the Republic of Bulgaria (2014–2020 г.)
What are the advantages of the program?
- The guarantee covers up to 50% of loans granted by commercial banks, but not more than 3 billion BGN.
- Lighter requirements for collateral.
- Lower interest rates on loans
Deadline for inclusion of securities in the portfolio: July 31, 2018