MIL OSI Translation. Government of the Republic of France statements from French to English
Credits : © Julien Eichinger – Fotolia.com
Micro-credit professional consists of the allocation of small loans to businesses that cannot access bank loans classics.
Micro-credit professional will be for people who want to create or take over a business, whatever the sector of activity or their status :
provided that they do not have access to classic bank financing
The conditions generally required to obtain the agreement of the lending organisations are, in particular :
the company is in the process of creating or have less than 5 years of existence
The loan is remunerated by interest, which is often at least equal to 5 %.
In general, the repayment period does not exceed 36 to 48 months, except if the lender agrees to defer the repayment.
To make a request of microcredit, it is necessary to consult an authorised body (for example ADIE main body of micro-credit professional) or from networks approved banking.
EDITOR’S NOTE: This article is a translation. Please forgive us should the grammar and/or sentence structure is not be perfect.