Loans from the Agriculture credit discount fund (ACDF) – project for financial services in agriculture
| Eligible borrowers |
- holders of agricultural holdings having submitted applications for entry in the Single Register of Agricultural Holdings
- Small and medium enterprises dealing with primary agricultural production, processing of agricultural products and trade with primary agricultural products intended for export
- Holders of agricultural holdings and small and medium enterprises having concluded a contract for financial support with the Agency for Financial Support in the agricultural and rural development for use of financial support from the IPARD program 2007-2013
|
| Purpose |
for fixed assets and working capital |
| Loan terms |
maximum amount |
- up to EUR 100,000 for loans for primary agricultural production
- up to EUR 300,000 for loans for processing agricultural products
- up to EUR 300,000 for loans for primary agricultural products intended for export and their processing
|
| repayment period |
- up to 8 years for loans for primary agricultural production
- up to 5 years for loans for processing agricultural products
- up to 3 years for loans for trade with primary agricultural products intended for export
|
| repayment period |
- up to 2 years for loans for primary agricultural production (with a possibility for a grace period up to 4 years, as an exception, depending on the loan purpose, loan amount, the production characteristics and the business line of the investor)
- up to 1 years for loans for processing agricultural products
- from 6 months to 1 year for loans for trade with primary agricultural products intended for export
|
| repayment |
on quarterly basis |
| Interest rate p.a. |
- 4% p.a. annual for loans for primary agricultural production
- 5% p.a. annual for loans for processing agricultural products
- 5% p.a. annual for loans for primary agricultural products intended for export and their processing
|
| Fees |
1.5% one-off fee prior to disbursement |
| Loan security |
the loan shall be secured by usual security instruments in accordance with the Bank’s Credit Policy (mortgage on real estate, pledge of movable property, bills of exchange etc.) |
| The loan funds are to be used for financing up to 80% of the calculated value of the project, and the rest of minimum 20% is own participation of the borrower |
Contact persons
Ilija Mircevski, Chief Coordinator for Corporate Lending
Phone: (+389 2) 3168-504
Fax: (+389 2) 3247-468
e-mail:
e-mail:
Elena Spirovska, Manager of Agriculture Lending Department
Phone: (+389 2) 3168-509
e-mail: