BULGARIAN DEVELOPMENT BANK

Microfinance program  Target groups – micro and small enterprises including startups companies operating in the industrial, high-tech sectors, telecommunications, agriculture and transport sector.  Total program cost – BGN 20 million.  Funding through targeted loan agreement with the Council of Europe Development Bank since 2011.

Financial Instruments  Investment loans  Working capital loan

Target Groups  Micro and small enterprises including startups companies, which are traders in terms of the Commercial Code art. 1, cooperatives under the Cooperatives Act.  Artisans, registered under the Crafts Act.  Farmers.  Self-employed.

Credit „Development" (for Investments) - Specifications  Subject - acquisition of fixed assets.  For existing micro and small enterprises.  Minimum funding amount EUR  Maximum funded amount EUR  Period - 12 to 60 months.  Grace period up to 12 months.  Minimum own contribution - 10% VAT.  Promotional rate % - fixed for the term of the loan 6%.  Collateral - pledge of fixed assets or real estate mortgage

Credit „Starting business " (for Investments) - Specifications  Subject – acquisition of fixed assets.  For startups micro and small enterprises.  Minimum funding amount EUR  Maximum funded amount EUR  Period - 12 to 60 months.  Grace period up to 12 months.  Minimum own contribution - 10% VAT.  Promotional rate % - fixed for the term of the loan 6%.  Collateral - pledge of fixed assets or real estate mortgage.

Credit „Development" (Working capital) - Specifications  Subject – Working capital  For existing micro and small enterprises.  Minimum funding amount EUR  Maximum funded amount EUR  Period - 3 to 24 months  Opportunity for individual repayment plan.  Promotional rate % - fixed for the term of the loan 7 %.  Collateral - pledge of fixed assets or real estate mortgage.

BULGARIAN DEVELOPMENT BANK