The Development Bank of North Macedonia approved another 733 zero-interest loan applications for the ‘Covid 3’ credit line, realized with financial support from the European Union via the EU4Resilience IPA Programme.
According to the bank, thus far, a total of EUR 23 million have been approved for loan applications of 2,009 companies with a total of 15,197 employees.
“These include 1,123 loan applications from small companies, 741 loan applications from micro companies, 106 loan applications from sole proprietors and 39 loan applications from artisans,” the Development Bank said in a press release.
The loan applications, adds the press release, are processed chronologically, as they arrive, and in line with the public call and its contents.
“Loan applications will be approved in groups, until funds are available within the Fund for micro and small sized enterprises. Bank services in the coming days will contact the companies whose loan applications have been approved to conclude a contract,” the press release reads.