Bulgarian Management Association

Priority Axis

Enterpreneurship and Innovation

Specific Objective Innovative territories
Country Greece
Organization/ Entity Bulgarian Management Association
First Name Detelina
Last Name Dimitrova
Address 22 Skaptopara Str., Blagoevgrad 2700, Bulgaria
Email dd@bgma.eu
Contact Phone 00359 879172820
Project idea title Innovative MSE financing solutions
Specific problem to be addressed Micro and small enterprises (MSEs) face difficulties in obtaining funds for their operations. Due to the current economic crisis the formal lenders have higher requirements for loan guarantees, formal business history, annual turnovers, imposed are higher taxes and commissions. The proposed project will analyze new channels and sources for financing of the operations of MSEs and promote and implement these new funding opportunities to entrepreneurs and MSEs.
Main project activities planned Analysis of best practices in financing SMEs by non-bank institutions. Proposing channels and sources that can be used by entrepreneurs and MSEs from the programme area. Pilot actions to promote and use the proposed financing solutions.
Expected outputs and results At least three finaninc options proposed. MSEs using the financial solutions.
State you area of expertise/ interest Bulgarian Management Association is interested to join a project that supports innovation in the programme area, supports entrepreneurship, strengthens the competitivensss of the businesses in the programme area.