MICROCAPITAL STORY: The Government of Germany to Facilitate a EUR 9.4 million Investment through Bulgaria’s Procredit Bank to Benefit the Development of Small and Medium Sized Enterprises

Procredit Bulgaria, a microfinance bank, part of the Procredit Bank Group, is to distribute a consortium of loans and grants received by the German Development Bank, in an effort to expand the growth of small and medium sized enterprises (SMEs) within the Eastern European state. The breakdown of the investment includes a EUR 4 million loan agreement, a grant of EUR 5.1 million, and an additional EUR 290,000 in subsidies, for a total of EUR 9.4 million.

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