Support Program for Business Ideas: Social Banking for Startup Businesses

The “Mozaik” Foundation, in cooperation with other partner organizations and “Sparkasse Bank”, has launched the program “Step by Step” as a form of support for new innovative ideas and business ventures.

The program is designed for startup businesses that need support and incentives to achieve business success – including education, mentorship, and favorable credit lines.

Who is eligible to apply?

The program is intended for entrepreneurs aged 18 to 35, whose businesses have been operating for less than three years (as of the date of the credit application submission). Applications are welcome from companies registered as LLCs or craft businesses in the Federation of Bosnia and Herzegovina (FBiH), as well as independent entrepreneurs in the Republic of Srpska (RS).

The program allows applicants to apply for up to 50,000 BAM with a fixed interest rate of 4.99% and a repayment term of up to 10 years, depending on the purpose of the funds. It is important to note that the business must provide collateral – equipment being financed or equipment already owned by the business.

Additionally, expert support is provided to assess the needs and possibilities of individual business ideas.

The full text of the call can be found at this link, and all interested parties can apply via this link.