New Beginnings Loan

The Program is closed

More about the Program

BDB Microfinancing introduces a new program to support SMEs, start-ups and social businesses. The program is in partnership with the Fund Manager of Financial Instruments in Bulgaria and aims to promote entrepreneurship among vulnerable groups. It will enable businesses to access credit resources on easy terms at 25% lower interest rates than the standard rates of the financial institution. The resource is under the Operational Program "Human Resources Development 2014-2020" (OPHRD), co-financed by the European Social Fund.

Loans of up to EUR 50,000

Repayment period of up to 5 years

25% lower interest rates

Program size: EUR 5 million


The program aims to improve access to funding for social enterprises, businesses and self-employed persons whose owners are representatives of vulnerable groups, such as unemployed for more than 6 months, young people of up to 29 years of age and people with disabilities.

The program can be used to acquire tangible and intangible assets to develop or expand the activities of a business or self-employed person, as well as funds for other business-related expenses.

BDB's new product Microfinance is designed for this specific segment of the country's economy, which usually remains out of sight of commercial banks and general measures and programs.


The funds under Risk-Sharing Micro-Finance Facility are provided through the financial support provided by the Fund of Funds under Operational Program "Human Resources Development" 2014-2020 (OPHRD) 2014-2020, co-financed by the European Social and the Youth Employment Initiative.



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