ZAGREB, Jan 2 (Hina) - On 10 January, Croatia Bank and UN officials will sign an agreement on the implantation of the project called CRO/00/Q02 for the reconstruction of the war-hit eastern Croatian areas. According to a statement
released from this bank on Tuesday, the contract will be signed by its officials and representatives of the UNDP/UNOPS organisations. Under the deal, Croatia bank branches in Osijek and Vinkovci and Beli Manastir will provide loans for family-owned farms and small businesses. The annual interest rates for ultimate beneficiaries will amount to eight percent, with the grant of one percent of the approved amounts for covering costs for the processing of individual requests. The means for this purpose will also be ensured by a guarantee fund, namely by the European Union. Under this programme, the Croatia bank will add one dollar to each dollar deposited with this fun
ZAGREB, Jan 2 (Hina) - On 10 January, Croatia Bank and UN officials
will sign an agreement on the implantation of the project called
CRO/00/Q02 for the reconstruction of the war-hit eastern Croatian
areas.
According to a statement released from this bank on Tuesday, the
contract will be signed by its officials and representatives of the
UNDP/UNOPS organisations.
Under the deal, Croatia bank branches in Osijek and Vinkovci and
Beli Manastir will provide loans for family-owned farms and small
businesses.
The annual interest rates for ultimate beneficiaries will amount to
eight percent, with the grant of one percent of the approved amounts
for covering costs for the processing of individual requests.
The means for this purpose will also be ensured by a guarantee fund,
namely by the European Union.
Under this programme, the Croatia bank will add one dollar to each
dollar deposited with this fund.
The point is in enhancing credit abilities of farmers and small
businessmen in this area so that they can later use usual bank
loans.
(hina) ms