Solidarity Loan
The King Baudouin Foundation initiated the Solidarity Loan in 1997. It is intended for people who would like to launch their own business but who do not have access to bank credit and who have difficulty in acquiring the starting capital because of their financial position. It is a question, for example, of people who are benefiting from the social security of the CPAS, integration income or an unemployment allowance..
A mini-loan
- Fixed interest rate of 3%
- 4-year period
- No guarantee required
- Maximum amount of the investment - €12,500
- The Solidarity Loan benefits from a guarantee issued under the European Community's Competitiveness and Innovation Framework Programme
With free professional support
A specialist mentoring structure assists the applicant to prepare and submit the application
The same structure coaches the recipient during the first 18 months of the activity.