FINANCIAL INSTRUMENTS
Micro Loan for Rural Development
| Feature/product (financial instrument) | Micro Loan for Rural Development |
| Target group | Micro and small-sized economic operators, and according to the conditions prescribed by the measures of the Rural Development Program of the Republic of Croatia for the period 2014-2020, eligible for financing from this instrument |
| Amount | From EUR 1,000 to EUR 25,000 |
| Interest rate* | 0.1% and 0.25%, depending on the development of the local government unit (LGU) investment |
| Grace period | Up to 12 months if the repayment period is a minimum of 2 years |
| Repayment period | Up to 5 years, including the grace period |
| Collaterals | Promissory notes, other collaterals according to the risk assessment |
| Aid | - De minimis, public aid |
| Intended use | - fixed assets - working capital up to max 30% of the loan amount |
