Raiffeisenbank increases the amount of the non-collateral loans for the small business and freelancers from BGN 20 000 to BGN 30 000. The bank offers the possibility for a grace period of up to 3 months with a repayment term of up to 60 months. Only promissory note is required for loans of up to BGN 20 000. For loans over BGN 20 000 the bank requires 2 guarantors.

Raiffeisenbank’s micro loan is directed to the small companies and free lancers with at least 3 months business history. The goal of the financing is purchasing of materials, equipment, as well as for working capital.