New microcredit institution Mikrokreditiranje launches in Montenegro with fast and transparent loan products
, NewsA new microcredit financial institution (MFI), Mikrokreditiranje, will begin operations in Montenegro. Based in Podgorica, the institution will offer fast, simple and transparent credit products for both individuals and businesses.
According to a statement from Mikrokreditiranje, the company was founded earlier this year by the factoring company Financial Solutions, and it is led by Executive Director Vanja Stanišić.
From the outset, Mikrokreditiranje will provide three types of products: fast cash loans, loans for purchasing and renovating real estate, and business loans for working capital and investments.
The company has optimized its processes and procedures to achieve speed and efficiency. As a result, the approval time for loans has been significantly reduced, with some categories of loans being approved within just 24 hours.
An online application and a loan calculator are available on the official website.
Mikrokreditiranje enters a market currently consisting of ten licensed MFIs, with an average effective interest rate of 21.66%.
In addition to speed and efficiency, Mikrokreditiranje plans to develop sector-specific loans and provide financing for energy efficiency projects in businesses and households in the near future.
“Our mission is to provide access to finance without unnecessary obstacles and increase the availability of financing to a broader range of users through simple, fast, and transparent loans, with no hidden fees or unclear terms,” said Stanišić.
Currently, Mikrokreditiranje operates its first branch in Podgorica, located at Baku Street 140.
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