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Medicinos Bankas continues lending for modernisation of agricultural holdings

On 14 December 2010 Medicinos Bankas and Rural Credit Guarantee Fund
(RCGF) as the credit fund manager and the financial intermediary signed a
purpose loan agreement for EUR 1,264,839.00 under stage 3 of measure
“Modernisation of Agricultural Holdings – Support by Credits”.

 

The minimum amount to be lent to a customer is EUR 3,000, the maximum
– EUR 300,000.

 

The maximum loan period is up to 7 years, and the loan is subject to a
preferential interest rate.

 

The loan is granted to economic entities, the activity of which complies with
the Rural Development Programme.

 

It is already the third stage of lending under the measure “Modernisation of
Agricultural Holdings – Support by Credits”. During the first and the second
stages Medicinos Bankas received many applications, successfully cooperated
with farmers and expediently lent the funds received.

 

You can apply for a loan under the measure “Modernisation of Agricultural
Holdings – Support by Credits” at any division of Medicinos Bankas.

 

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