EaSI Microfinance

Cooperative Bank of Karditsa actively supports the agricultural economy and is close to the farmer who seeks development for his business. ‘Thus, the farmer entrepreneur is given the opportunity to acquire the agricultural machinery or components needed to develop or modernize his production with a loan of agricultural equipment.
The disbursement will be made in accordance with the terms of the affiliation decision and the regulations / instructions of each program either as a lump sum or in installments.

Cooperative Bank of Karditsa proceeded from 05/2016 to a very important cooperation with the signing of a guarantee agreement with the European Investment Fund.

Specifically, the agreement concerns the provision of guarantees by the European Investment Fund for the creation of a portfolio of microfinance loans, up to the amount of 5,000,000 €, by Cooperative Bank of Karditsa.

The loans that will be granted will be guaranteed at a rate of 80% by the European Investment Fund and can reach up to the amount of 25,000€ per beneficiary.

Beneficiaries of the program can be:

Individuals - Professionals
Businesses - legal entities of all forms as long as they are micro-businesses (existing and under establishment)

It is important to emphasize that the beneficiaries of the program in cooperation with the Karditsa Development public limited business will have, optionally, access to personalized business support services.

The main characteristics of the program are the following:

Guarantee Start Date
10/05/2016

Maximum Loan Amount
25.000€

Loan Guarantee Rate from ETAEP
80%

Financing Interest Discount
20%

Deduction of Financing Costs
10% on the current Bank’s price list.

Guarantees
Not necessary. The provisions of the credit regulation and internal procedures, with a minimum LTV125%.

Beneficiary Characteristics
A person, sole proprietorship or micro-business (existing and under establishment) who has difficulty accessing finance and with the help of this credit can develop his activity.

Micro Business Definition
Less than 10 employees and up to 2,000,000 € turnover, during the reference year.

Integration process
The usual procedure for approving a request will be followed through the competent step.

Form of Financing
One-time loan or interest-bearing loans.

Minimum Financing Duration
3 months.

Maximum Financing Duration
5 years.

More information can be found in our Bank branches, at the address of the European Investment Fund
and at: