Belarusbank Launches 'Young Enterprise' to Boost Entrepreneurship
Belarusbank has launched 'Young Enterprise', a new initiative supporting young entrepreneurs and businesses in Belarus. This scheme offers attractive credit terms to individuals under 31 and businesses with a significant young founder base.
The 'Young Enterprise' offer extends to private commercial entities registered and operating in Belarus, excluding Minsk, Minsk region, and specific sectors like wholesale or retail trade, and land and pipeline transport activities. Belarusbank provides microloans with special rates tailored for young businesses:
- 'Micro-Business Start' for new ventures.
- 'Micro-Business Turnover' for established businesses seeking growth.
- 'Micro-Business Overdraft' for managing cash flow. All these loans are available at a competitive rate of 9.25%.
While the names of the young entrepreneurs who have benefited from these loans are not publicly disclosed, the scheme is designed to foster entrepreneurship and support young talent in Belarus.
Belarusbank's 'Young Enterprise' offer aims to boost entrepreneurship among young individuals and businesses. With attractive credit terms and microloan options, the scheme encourages growth and innovation in various sectors across Belarus.
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