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Contact
contact@kb.com.mk

contact center:
(02) 3 296 800

Loans to agricultural industry supported by USAID



Eligible borrowers

Individuals, micro, small and medium sized companies, agricultural cooperatives and farms in Macedonia

Purpose

For fixed assets -investments

  • purchase of new equipment and technologies (including introduction of the “drop by drop” system),
  • expansion or replacement of plantage and greenhouses,
  • increase of the livestock unit
  • construction and modernization of the production facilities,
  • building sale centers
  • adaptation o houses for development of rural tourism
  • projects supported by IPARD and projects under the National program for rural development of the Agency for financial support to the agriculture and rural development
Loan terms and conditions maximal amount
  • up to USD 500.000
repayment term
  • up to 10 years
grace period
  • up to 2 years
Interest rate

Reference rate + interest margin up to 3.30 p.p., p.a., but not less than 2.30 p.p.

The reference interest rate shall be the rate announced and available on the web site of NBRM (www.nbrm.mk) each 25.06. and each 25.12. under the name „interest rate for denar deposits without currency clause“ and shall apply for the current six-months period (until the end of the respective six-months period).

Fees
  • 0,3% - follow-up and running the arrangement under the sub-loan;
  • 0,3% of the amount of disbursed loan proceeds, but not more than MKD 100.000,00
Security

Usual security instruments as per the Credit Policy of the Bank (mortgage on real estate, pledged equipment, bills of exchange etc.)

For this credit product the required coverage of placements with value of the security shall be lower compared to the standard requirements of the Bank



Contact persons



Ilija Mircevski, Chief Coordinator for Corporate Lending
Phone: (+389 2) 3168-504
Fax: (+389 2) 3247-468
e-mail: ilija.mircevski@kb.com.mk

Elena Spirovska, Manager of Agriculture Lending Department
Phone: (+389 2) 3168-509
e-mail: elena.spirovska@kb.com.mk