First Business

Inicjatywa Mikro also awards loans in co-operation with Bank Gospodarstwa Krajowego as part of the “First Business” program.

Who can apply for a loan?
- unemployed persons not older than 25 who want to start their own business

- registered unemployed persons under 27 who are holders of a university graduation diploma or other graduation certificate and who graduated no more than 12 months ago

The loan may be used for financing all implementation costs of the business start-up plan presented by an unemployed person.

The loan amount ranges from 5,000 to 40,000 PLN for one eligible person.
The loan is awarded for the period up to 36 months with a possible grace period of up to 6 months in respect of the principal repayment. During the grace period interest installments are paid.

The interest on the loan is 0.75 of the bill rediscount rate adopted by the NBP. Also a commission of 1 per cent of the granted loan amount is charged.

The disbursement of the loan for financing the business start-up by an unemployed person shall take place after the official registration of the business.

Detailed information is provided by our offices and by Bank Gospodarstwa Krajowego.

Loans examples

• Start up loan (0-3 mo)
• Start up loan (3-12 mo)
• Interest only loan (credit line)
• Term loan (working capital or investment purposes)