AFIN Capital
Managing entity
AFIN
Description of the fund
AFIN is Romania’s first non-bank financial institution (NBFI), offering alternative financial solutions dedicated to the social economy. The institution aims to facilitate access to finance for Romanian organisations with a social impact that have moved beyond the start-up phase and require capital to grow.
Working capital loan
Aimed at covering the expenses related to the day-to-day activity of the social enterprises. Examples of eligible expenditure (the list is only illustrative, not limiting)
- supplies/production/sales expenses
- maintenance of workspaces / offices
- rents/ utilities
- personnel expenditure — salaries and/or training costs
- marketing and advertising
- state budget taxes
Term: max. 36 months
Loan repayment: monthly installments or customized schedule depending on the client's activity
Interest rate: variable – ROBOR 6M + a margin that may vary depending on the loan amount, the loan term and the collateral
Application process & requirements
You can apply for the loan directly on AFIN's website.
Funding Range
n/a (open call)
Type of financing