CKB agro loans for registered agricultural households
Podgorica, 9th March 2021 – In cooperation with European Investment Fund (EIF), CKB presented new credit line for support to agricultural business in Montenegro, intended to small manufacturers, i.e., registered agricultural households.
„Having in mind the situation with coronavirus pandemic worldwide, and in Montenegro, the need for production is more and more expressed, and for this reason we enabled funds for financing agricultural business within EU micro credit line: CKB EU micro loans for current assets and CKB EU micro investment loan. The loans are approved in amount of 500 EUR up to 20.000 EUR, with repayment period up to 36 months, i.e., up to 60 months. The main advantage is securing the loan without mortgage by simple applying procedure”, declared Sandra Kordić, Executive Director for Retail and Corporate Business Division.
The loans may be used to finance current assets as purchase of stocks, raw materials and the like, but also to finance investments into tangible assets, and various types of intangible investments. The main condition for loan approval is to have registered household in Montenegro (Decision on agricultural households of Ministry of Agriculture), as well as the active account with any bank for at least 6 months.
For more information on CKB agro loans, you may contact us by email email@example.com, by phone CKB Contact Center 19894, or visit the nearest CKB branch where you may get detailed information on conditions and methods of loan approval process.
This financing is provided through the EU guarantee for debt financing and benefits from the support of the European Union under the Guarantee Facility established under Regulation (EU) No 1296/2013 of the European Parliament and the Council establishing a Union Program for Employment and Social Innovation (“EaSI”). For further information on the program you may visit the sites of the European Commission http://ec.europa.eu/social.easi and the European Investment Fund www.eif.org/easi