Q:
A:
Development Fund approves 60 loans for craftsmen shops
Belgrade,
29 October 2004
The Serbian Development Fund approved 346 loans, 286 of which are for durable operating capital and 60 of which are loans for small craftsmen shops, with a total of 1.89 billion dinars.
The majority of the loans were approved to small and medium-sized enterprises, most of them privately-owned.
This programme will create 1,403 new jobs as well as produce goods with value at around 9 billion dinars on the market. Export is expected to top 2.2 billion dinars.
The loans approved to independent craftsmen shops stores amount to 59.2 million dinars. The repayment period is five years, with a grace period of one year and interest rate of 1.3 to 5 percent on an annual level.
This programme will create 1,403 new jobs as well as produce goods with value at around 9 billion dinars on the market. Export is expected to top 2.2 billion dinars.
The loans approved to independent craftsmen shops stores amount to 59.2 million dinars. The repayment period is five years, with a grace period of one year and interest rate of 1.3 to 5 percent on an annual level.
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