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First Investment Bank offers preferential loans to NGOs
Category: Other
First investment bank (FIB) and Workshop for Civic Initiatives Foundation (WCIF) offer financing to organizations, registered under Bulgarian law on non-profit legal entities. Within the co-operation between the bank and WCIF, FIB offers to the non-profit organizations the following loans:
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Loan for covering of non-profit organizations’ own contribution or initial financing for implementation of projects approved under EU and other programmes. The loan cannot exceed the amount of the grant.
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Loan for financing of economic activity for social investments. The loan is extended under beneficial interest rates and flexible schemes for repayment.
The amount of the loan: up to 50,000 Bulgarian levs (or the equivalent in EURO or USD)
FIB also offers loans without collateral at a value up to 20,000 levs.
For more information click here.