What is the Microfinance Has No Ethnicity programme?
A new lending program, with a unique partnership in the market, partnering with REDI - Roma Entrepreneurship Development Initiative, to support and open new business development opportunities for Roma citizens.
You can choose:
- When you repay the loan amounts according to your repayment schedule correlated to your receipts.
- Type of interest: fixed or variable
Plus, it's unsecured and quick turnaround, in just 3 days, so you know exactly what you're relying on
Who can benefit from this loan?
- Entrepreneurs who are part of the Roma community;
- Entrepreneurs who employ people from the Roma community.
What are the benefits for your business?
Easy to access:
- No collateral on your part, the loan is secured through our agreement with the Roma Entrepreneurship Development Initiative
- Lower costs than a standard loan
- No down payment required for investment plans
- Our advisors will help you in preparing your file and developing your business
Personalized:
- The loan amount is sized to the level of your business. It can reach up to 120,000 lei, under certain conditions related to aspects such as: repayment capacity, experience of key people in the business, age of the business, payment behaviour.
- The repayment period is flexible and set according to the pace of your business, in equal, seasonal or personalised instalments.
You can use the money for whatever your business needs:
- Day-to-day business: farm inputs, salaries, paying off government arrears, other needs;
- Investments: property purchases and improvements, equipment or machinery;
- Mixed-use projects: working capital + investment.
What else you need to know:
Grant currency: Lei
Amount: minimum 1,000 lei, maximum 120,000 lei
Period: maximum 60 months
The instalments can be paid:
- Online, directly at www.patriacredit.ro
- In any Patria Bank branch
- By Pay Point, SelfPay or Romanian Post
Request
