"HIT Energy loans" - Čačanska banka launched new credit line for SME in association with German KfW

Source: eKapija Thursday, 01.01.1970. 15:20
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In association with German development bank KfW (Kreditanstalt fur Wiederaufbau), which operates successfully for more than 65 years, Čačanska banka has launched new credit line “Hit energy loans“ for small and mid-sized enterprises and entrepreneurs.

The aim of the new credit line is the improvement of energy efficiency, that is, the use of renewable energy sources in order for the share of these expenses to be reduced in the balance statement. The loans in amount of 20,000-250,000 EUR are approved with the repayment period of five years and 12-month grace period.

For the sake of as good implementation of this credit line as possible, in addition to KfW (Kreditanstalt für Wiederaufbau), the bank hired the team of financial and technical advisors, some of which are the Frankfurt School of Finance & Management Bankakademie and HfB, Fichtner and Serbian company for technical assistance to SEEC (South East Europe Consultants) in energy sector.
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