How to get a credit/loan fron banking and non banking institutions
A popular saying says - „You meet a man judging him by his clothes, and see him off judging him by his mind". The saying is good but is not relevant when you apply for a credit/loan . Here everything needs to be in place, even the „clothes".
In this work we tried to:
• help entrepreneurs adequately evaluate the economic and financial situation, before making a request for a credit/loan;
• teach entrepreneurs how to find a financer , who would agree to grant a credit/loan;
•help entrepreneurs to thoroughly prepare for the first and the following meetings with the potential financer;
•train entrepreneurs concerning the three main factors which constitute the foundation of the financer's decision: current financial situation; business plan quality and fezability; covering the credit/loan and interest rates;
• sensitize entrepreneurs on the risks of credit/loan transactions;
• sensitize entrepreneurs who already benefited of a credit/loan, to manage it correctly. This moment will become decisive upon the solicitation of a new credit/loan from the same financer or another one.
The book was developed by: the experts of the Association of mayors and local communities of the Republic of Moldova (APCLM) in collaboration with the experts of BIZPRO-Moldova project. The book was published due to the financial support provided be the United States Agency for International Development (USAID).
This book is available only in Romanian.
