Financing small Businesses in Central Romania

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Financing small Businesses in Central Romania

20.Jan, 2012

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good.bee credit is our approach to microlending offering development-oriented financing products for economically active individuals and small businesses.

With a micro-loan from good.bee credit, villagers managed to open up two small grocery stores in Romania.

One of our clients, Nicolae Dragne used to work as an electrician until the company he was employed at had to let him go due to financial difficulties. In 1998 Nicolae took this certainly challenging situation as an opportunity and invested the redundancy pay, worth nine months of his salary, into his future. By opening up two small grocery stores in the village of Produlesti he became an entrepreneur.

When good.bee credit account managers came to Produlesti to talk to local authorities about potential clients, Nicolae got to know them and was particularly impressed by their professional way of working: “That´s how they managed to grow and get customers. Today they have many customers in the village of Podulesti.”

Nicolae and good.bee credit can look back at a successful and very satisfying common history. So far, the shopowner has taken out three loans from good.bee credit, enabling him to finish off indispensable construction work in his stores.

Coincidentally we visited Nicolae on a very special day: “Today I repaid the last instalment on my loan. And I am very happy about it. I am very happy about the cooperation with good.bee credit!”