Short-term export credit insurance

• Insure Macedonian exporters against non-payment by domestic and foreign buyers
• Eligible beneficiaries are Macedonian companies that sell goods and services
• Term: Up to 180 days
• Covered risks: Commercial and political
• Products: Pre- and post-shipment cover for receivables
• Application fee: EUR 75 for exports; MKD 2,500 for domestic cover

Export credit financing

• Working capital for pre-shipment export finance transactions or bridging the period between export and collection of payment from the foreign buyer
• Eligible borrowers are export oriented trade companies registered in the Republic of Macedonia, whose capital is more than 51% privately-owned
• Eligible intermediary banks listed on website
• Financing modalities: The loan is provided through commercial banks or MBDP directly
• Coverage:
  - 85% of the exports
  - 15% down payment by export
• Minimum and maximum financing size:
  - Through commercial banks: Between EUR 15,000 and EUR 2 million
  - Through MBDP directly: Minimum EUR 15,000; maximum EUR 1 million
• Repayment tenor: Up to 2 years; payments made monthly, quarterly, or as agreed with MBDP
• Fees:
  - Interest: Fixed rate of 6%, or floating
  - Transaction fee: Up to 1% one-time fee
• Exclusions:
  - Production and export of weapons
  - Gambling and related equipment
  - Activities which have adverse impact on environment
  - Cloning
• Collateral:
  - Mortgage of property
  - Pledge on movable assets, receivables, securities, and insurance by MBDP

Export factoring

• Factoring enables the sale of goods and services with deferred payment, while part of the invoice value is received in advance
• Eligible: MBDP buys invoices and advances payment of 80% of the invoice
• Term: Up to 180 days deferred payment terms
• Cost of factoring:
  - Interest rate of 4% per annum on the advanced payment amount
  - Service charge of 0.33% on the total invoice amount

Other products

• Lending:
  - SME financing up to EUR 3.5 million and tenor up to 24 months with an interest rate of 5.5% per annum; proceeds used for working capital, purchase fixed assets, and investment in intangible assets for business growth
  - SME Priority loans up to EUR 6 million and up to 24-month tenor to support knowledge base sectors of the economy such as energy, technology, industry, and tourism
  - Agricultural funding for exports up to EUR 300,000 at 5.0%–6.5% interest
  - Loans for production, processing, and export of agricultural products
  - Microfinancing up to EUR 50,000
  - Sustainable energy sources project financing for energy efficient and renewable projects up to EUR 3 million, up to 12-year tenor (with 2-year grace period) and interest rate up to 6%; participant bank fee up to 1% of the loan amount