Microcredit, Brussels rewards a company

Microcredit, Brussels rewards a company

Microcredit, Brussels rewards a company

The non-profit organization based in Brussels, has recently recognized the merits of the microcredit experience of the country region, an experience to be considered as good practice at international level. The news is ANSA, we also see the details to better understand how microcredit works and why it is so important today.

The economist and president of the country Region, increased the Microcredit Fund set up almost ten years ago for a sum of 16 million euros and which has achieved good results over time in economic and employment terms. The 16 million are distributed in two tranches, four of which will go to the tender open in January 2018 and ended in June, which had an initial budget of 6 million euros. Another 12 million instead will enter into a new announcement that will be published within the next month and that is not necessarily addressed to those who do not have an occupation, but also to those who simply have a business project but lack the funds to start it.

The councilor for work Virginia, commenting on the results on October 16, said she was satisfied with the recognition obtained by the european network in Brussels and above all with the results in terms of employment of the financed operations. Since it was established, that is since 2009, microcredit in country has employed 7,400 people, particularly in the catering, tourism and trade sectors.

The measure consists of zero-interest loans starting at 5,000 and up to 25,000 euros, aimed at starting up new businesses. The fund’s overall budget touched 78.5 million euros, with a disbursement of 93 million, which also includes the amounts already repaid by those who benefited from the financing. The project numbers see 3,921 new companies funded and almost 50% of them are female entrepreneurs. With regards to credit, 822 companies have already repaid what was obtained, 2400 reimbursements are in progress, the revocations were 840 in total.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

 

Financial: Dimple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185 , 28 Feasibility check 

Financial: Ultranix
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193 , 19 Feasibility check 

Financial: Astrofinance
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602

 


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