start-ups and social enterprises in Serbia within social banking "Step by
Step" program two types of loans - for permanent working capital (with
repayment period of up to three years) and for investment (repayment period of
up to five years), with a grace period of up to 12 months will be available. Maximum
amount of each loan will be EUR 25,000, and interest rates will be known December
5, when the application for micro-loans starts and will depend on type of loan
and types of enterprises.
On the same day, online platform of the project will be launched which contain a program of education all those interested in loans will have to attend. It will consist of nine modules and it will practically be a preparation to write a business plan.This is the first step in the implementation of the program, which Erste Group launched in Central and Eastern Europe (CEE) and Austria, to support customers who traditionally are not covered enough with banking services: startups or new businesses and start-ups, social enterprises, civil society, as well as persons at risk of poverty.
Next year, in our country within the framework of the "Step by Step"program services for civil society organizations will be developed and during 2018 for individuals at risk of poverty. The program aims to create over 1,000 new jobs, set up of more than 40 social enterprises and better financial situation for at least 500 people.
Innovations and educational system reform are key in entrepreneurial development
With no access to funding for 30.000 companies in Serbia
As stated in Erste
Bank, in Serbia (with incomes lower than 121 EUR) neraly 350,000 unemployed
citizens lives at risk from poverty, about 180,000 employees and nearly 160,000
retirees. In addition, in our country, 30,000 companies does not have an access
to financing, and the youth unemployment rate in the first quarter of 2016
amounted to 44%.