Micro credit line by KfW for micro businesses

Purpose

     This Credit Line is intended to support micro business initiatives of SMEs.

Who Can Apply

     Potential end credit beneficiaries are existing and newly founded enterprises that are (at least 51%) in private ownership, such as: micro and small enterprises, individual entrepreneurs, handicrafts shops, private merchants, market counters, and other micro and small entities.

Credit Purpose

    Credits are intended for purchasing of equipment, construction works, land, and working capital.

Terms and Conditions

Micro credits:
- Up to 15.000 EUR
- Entities that employ maximum 20 workers
- Repayment period up to 24 months

Small credits
- Up to 50.000 EUR
- Small enterprises up to 100 employees
- Repayment period up to 48 months

    Interest rate and the repayment period are determined by the on lending banks depending on the type of business, creditworthiness of the entrepreneur, and number of other factors.