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THE FMFIB HAS LAUNCHED A PUBLIC PROCUREMENT PROCEDURE FOR SELECTION OF FINANCIAL INTERMEDIARIES TO PROVIDE MICRO-LOANS IN THE SOCIAL AND EMPLOYMENT SPHERES

05.04.2017

Fund Manager of Financial Instruments in Bulgaria EAD has launched a public procurement procedure with 13 lots with subject-matter "Implementation of a risk-sharing micro-finance financial instrument funded with resources from OP Human Resources Development 2014 - 2020".

The resources provided from Operational Programme Human Resources Development 2014-2020 are to the amount of BGN 50 million. The financial intermediaries to be selected by the FMFIB are required to secure the needed private co-financing of at least 20 % or 30 % for each loan, depending on the type of final recipient. The financial intermediaries will provide the funds in the form of micro-loans ranging from BGN 5,000 to 48,895 to the target groups of final recipients. For the financial resources provided by the FMFIB the financial intermediaries will apply interest rate of 0 %.

You can find more information about the procedure HERE.