Total project budget planned for microcredits is EUR 50.000, with the maximum amount of an individual credit of up to EUR 10.000. The resources are supposed to be used within 24 months, with a six-month grace period and a nominal annual interest rate of 4 percent, with the loan repayment in equated monthly installements.

CRH Serbia will continue with the “From Idea to Development” programme for granting small loans, also known as microcredits, to  small companies and entrepreneurs within the territory of Pomoravlje and Šumadija.

After the first cycle in 2012, the project was recognized as an excellent opportunity to influence the regional economic development  and empower the economic sector.

The “From Idea to Development“ project is the result of the cooperation between CRH Serbia, Societe Generale Bank and Regional Agency for Economic Development of Šumadija and  Pomoravlje. The main objective of the project is to develop the private sector and support and promote their business operations,  to increase the competitive and innovative potential of small businesses  and entrepreneurs, as well as to create new jobs through investing in equipment.

The application can be submitted from  1.12.2015 to 30.06.2016, i.e. untill the resources intended for this purpose have been used up.

Potential loan users should submit their applications to the Regional Agency for Economic Development of  Šumadija and Pomoravlje or to the office for local economic development in their municipality. Necessary information and competition documentation can be obtained at CRH Serbia, as well as in Agencies and offices for local economic development of Šumadija and Pomoravlje or  downloaded from web pages of CRH Serbia and the Agency for economic development of Šumadija and  Pomoravlje.