ProCredit Bank

ProCredit Bank

National Programme on Youth Economic Empowerment

 

The National Programme on Youth Economic Empowerment is a grant initiative designed for persons between the ages of 18 and 30, living in rural areas, who want to develop their entrepreneurial skills, to extend their business or launch an activity in the manufacturing sector. The programme is financed through the IFAD I and RISP I projects and includes a grant component of up to 40% of the loan amount.

Details:
Purpose
New equipment and machinery for the following areas of activity:
- agriculture (processing, packaging, storage)
- food industry
- processing/packaging/storage of agricultural produce 
- manufacture of machinery and equipment  
- manufacturing of construction materials
- extractive industry/pulp and paper industry/textile manufacturing/metalworking 
Amount Up to MDL 420,000
Period

Up to 5 years

Customer’s contribution 10% of invested amount

 

To see the conditions for loans you can acces Information Disclosure

  

 

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