First Loss Portfolio Guarantees under the OPHRD
Stage of the instrument:
Operational programme "Human Resources Development"
View program-
First Loss Portfolio Guarantees under the OPHRD
- Market consultations
- Preparation of the documentation
- Application of financial intermediaries
- Review of offers and negotiations with candidates
- Selected financial intermediaries
- Funding of final recipients
€1,60M
Instrument description
Financial resources
- public resources in the amount of BGN 1.6 million;
- expected volume of loans to final recipients of BGN 8 million.
Goals of the instrument
- improve access to financing for seeding and development of start-ups and social enterprises with a high-risk profile;
- support social entrepreneurship;
- promote entrepreneurship among vulnerable groups.
Final recipients
- companies and self-employed persons registered not more than 5 years ago, including enterprises whose owners are from vulnerable groups such as unemployed for more than 6 months, young people aged 29 or less, people with disabilities;
- social enterprises.
Type of financing
- investment loans or working capital loans in an amount of up to EUR 50 000 or BGN 97 791;
- relaxed loan terms such as a lower interest rate, lower collateral requirements, option for a grace period;
- a repayment term of up to 10 years;
- for the purpose of acquisition of tangible and non-tangible assets for business development or expansion of activities of the enterprise or the self-employed person; or to cover other costs linked to the core business operations.
- guarantees from the Fund of Funds in an amount of up to 80% per individual loan made capped at 25% of losses on the guaranteed portfolio.
Source of the public resources
Operational Programme Human Resources Development 2014 — 2020 co-financed from the European Social Fund
Current stage of the instrument: investment period completed on 31.12.2023
Документи
First Loss Portfolio Guarantees under the OPHRD
Financial intermediaries
For more information regarding the process and steps for approval of financing, you can contact our financial intermediaries.
All financial intermediaries
Do you have questions regarding the implementation of the financial instrument?
Get familiar with our questions and answers related to the implementation of the financial instrument.
To all questions Find answers to your questions
- Source of public resource
- Operational programme "Human Resources Development" ( 2014 - 2020 )
- Current stage of the instrument
Do you need consultation?
Don't hesitate to contact us
We have a team of consultants available to you from monday to friday from 9:00 to 17:00.
Send us a message
