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Activities

In order to qualify for funding by Korpodeko, projects should meet normal banking assessment criteria with regard to the professional skills of the entrepreneur, the continuity and profitability of the business, while the required collaterals should also be acceptable. But there is more.

Korpodeko’s main activities consist of the financing of promising projects that have an above-average risk, on a commercial basis. Preferential consideration is given to projects that create employment and/or generate foreign exchange. Emphasis is also put on supporting entrepreneurs in medium-sized and small businesses, who strive to support themselves and their families independently. In addition, projects that do not (easily) qualify for funding by commercial banks are also eligible.

Furthermore the macro-economic “spin-off” effects are also important. Consider for example the creation of new jobs, and/or generating and/or saving foreign exchange, stimulating (starting) entrepreneurs in the small and medium-sized business sector, new production techniques and/or new types of services. Projects that are considered beneficial to the community are eligible for financing under conditions to be determined.

Each year Korpodeko reserves a special budget for donations to projects of organizations that are active in the cultural, social and educational fields and that also promote the development of the youth.

Projects that qualify for financing should not produce any direct or indirect danger, damage or disruption to the environment.

Term and conditions

Loans granted by Korpodeko cover only part of the total project expenses. The entrepreneur will always have to contribute risk-bearing capital. As a guideline for determining own capital to be contributed, 20% to 50 % of the total project investment is applied. The size of the loan is determined on a project-to-project basis after a critical evaluation of the business plan.