The main purpose of these loans is to encourage the development of small and medium enterprises operating in Montenegro.
The loans are approved to companies for making investments in: tourism; agriculture and food production; education, sports and culture; services; health; information technologies; energy, but not trade.
In the selection of projects to be financed, advantage will be given to SMEs that have:
- innovative ideas
- export-geared products
- a bigger number of new employees
- strong export substitution component
- better performance indicators
- higher product finalization degree
- higher exploitation of domestic resources
- better project appraisal
Companies that are using loans received through Development Fund may take a new loan even if they have not repaid the current loan and to extend grace period and tenor if there are reasonable economic reasons therefor and the approval or guarantee by the Bank.
The Bank has the product in its catalog since its founding, with each year entered into a contract with the Development Fund, pursuant to the tender announcement and the conditions on the basis of this offer.
Investment loans in cooperation with Montenegro Development Fund funded so that 50% of the funds come from the Development Fund and the remaining 50% provided by the bank.