Are you unemployed but have a project idea that could transform your life? Crédit Populaire d’Algérie (CPA) has made a micro-loan available to you in collaboration with the National Agency for Micro-Loan Management.
Create your own job with Crédit Populaire d’Algérie by taking advantage of the micro-loan provisions.
Who is it intended for?
The Micro-loan is a medium-term loan (MTL) granted to citizens with low, unstable and/or irregular incomes, and/or no income.
The National Agency for Micro-Loan Management loan is intended for setting up activities, including home-based ones, through:
- The acquisition of small equipment and raw materials to get started. It also covers the necessary expenses to launch the activity ;
- The purchase of raw materials
Eligibility terms:
- Entitlement to the Micro-Loan Programme, as determined by the National Agency for Micro-Loan Management in the form of eligibility and financing decision.
- Possess know-how related to the planned activity.
- Have a personal contribution.
Financing terms:
- Total cost of the activity:The total cost of the activity can reach 1 million dinars.
- Financing structure:It provides for :
- A personal contribution of 1% of the total cost of the activity from the beneficiary;
- A non-interest-bearing loan from the National Agency for Micro-Loan Management of 29% of the total cost of the activity.
- A medium-term bank loan « MTL/ML » which may not exceed 70% of the total cost of the activity.
- Loan duration:The bank loan has a duration of eight (08) years. The deferment period is set at three (03) years.
- Interest rate:The interest rate applied to the MTL/YE is set by the general banking conditions in force.
- Fees and commissions:the fees and commissions to be applied are those provided for by the general banking conditions in force.
- Required guarantees:
The guarantees to be obtained concern only :
- Pledge of equipment and materials,
- Collateral for wheeled equipment.
- Delegation of multi-risk and/or all-risk insurance.
- Guarantee from the Mutual Guarantee Fund for Micro-loans.
- Guarantee from the Mutual Guarantee Fund for Micro-loans
Loans granted within the framework of the micro-loan are guaranteed by this Fund up to 85% of the amount of principal and interest owed.
Constitution of the file:
- A financing request, duly signed and indicating the amount of the requested loan, addressed to the Bank and issued by the project holder ;
- A registration form containing the birth certificate number no.12 ;
- A residence certificate or card;
- A copy of the degree, professional qualification, training certificate, or any other document proving expertise.
- A copy of a valid identity document (National Identity Card)
- A certificate of eligibility or conformity, issued by the National Agency for Entrepreneurship Support and Development ;
- A copy of the business plan, along with pro forma invoices and/or cost estimates for potential renovation, organization or installation of equipment works to be carried out.