50m RSD approved for commencement and development of women's business in Vojvodina

Banca Intesa has provided the credit line in amount of 50m RSD for long-term credits for development of women's business.

On that occasion, yesterday (November 14, 2006), Draginja Đurić, the President of the Executive Board of Banca Intesa, and Goran Vasić, the Manager of the Guarantee Fund of Vojvodina, signed the agreement on financing "start-up" projects of the unemployed women, as well as procurement of equipment for companies of the women entrepreneurs in Vojvodina.

It is the first project of that kind in our country and it will make it possible for all unemployed women or women entrepreneurs in Banat, with the working experience of up to three years, to finance starting and development of their own business. In addition to the protection from risk that is provided by the Guarantee Fund of Vojvodina, Banca Intesa will be approving credits with interest rate of 6.95% with the application of the currency clause and "grace" period of one year.

Unemployed women will be able to apply for the loan of up to 1m RSD, whereas the entrepreneurs will be able to ask for the credit support in maximal amount of 2m RSD.