Microcredit Line

Microcredit Line

Special Credit Line

The microcredit line aims to boost micro-entrepreneurship activities, sustainable financing for self-employment, youth entrepreneurship and women's empowerment, within a framework of facilitating access to financing for entrepreneurs with small-scale activities and/or projects that are less adapted to other existing financing mechanisms.

Characteristics

Target Audience

  • Micro-entrepreneur 
  • Eligible organization

Amount

  • Up to 550,000 CVE

Access

  • Micro-entrepreneur: Individual or corporate entity engaged in a commercial activity involving the production of goods or services and trade, with an annual net income not exceeding CVE 5,000,000 and employing up to 5 employees;
  • Eligible organizations: Entities set up as non-profit legal entities, partnerships of individuals or other organizations that are eligible for credit, as long as all members are micro-entrepreneurs.

Eligible investments

Eligible investments are those which demonstrate that they can or will generate sufficient cash-flows to repay the debt. Eligible funding can be directed at:

a)      Treasury support financing;

b)      Financing for factors of production;

c)     Investment financing.

Documentation required to access the credit line

  • Commercial Registration certificate (companies) /Document proving the constitution of a cooperative (publication in the Official Bulletin);
  • Identification documents of the promoters.