The aim of the Program is to provide support for the development of entrepreneurship in the field of culture and the arts. People in culture and the arts oriented to entrepreneurship are offered affordable credit to start a business. Particular attention is paid to the development of artistic crafts, such as, for example: advertising, design, photography, artistic interventions, audio-visual production, etc.

The loans are intended for investment in fixed assets – tangible assets (buildings, equipment and appliances, small inventory, etc.), intangible assets (development of services, patents, licenses, copyrights, franchises, etc.) and current assets.

IDF JSC can finance up to 75.00% of the total investment value.

The beneficiaries of the loan can be companies and entrepreneurs.

Credit conditions:

  • Maximum amount up to € 100,000.00 (for entrepreneurs up to € 30,000.00);
  • The interest rate is 3.00% annually with a proportional interest rate system;
  • Repayment period up to 12 years (including grace period);
  • Grace period up to 4 years.

The credit line runs until December 31, 2019 or until it is changed or cancelled.

More information can be found at the link:

https://www.irfcg.me/me/2015-01-13-12-24-18/razvoja-preduzetnistva-u-kulturi-i-umjetnosti