Youth Employment Program up to the age of 30!
The products that will be offered are all Micro Credit Products
The validity of the tenor for this program is 02 July 2020 - 02 July 2022
The currency offered is LEKE / EURO
The loan term is 84 months
The program classification criteria for each Micro company that is interested in applying to the EIF YOUTH program are:
• Has employees / Employs at least 1 employee up to 30 years for a minimum time of 2 years (indefinite employment contract according to Albanian legislation is a valid contract)
• Within 12 months prior to the disbursement of the EIF Youth loan, has provided professional or internship training lasting at least 3 months for at least 1 individual aged 15-30 years
• Formally recognized as a participant in a national employment program for young people up to 30 years old.
Benefits for customers
- 80% less collateral coverage than in the case of a standard loan for all types of collateral
- 0.4% lower interest than the Standard Norms applied according to the products in force