BT Mic granted 100 funding for education, with a positive impact for over 6,000 children

Since the launch of the Education CreditBT Mic - a Banca Transilvania Financial Group company - has so far supported 100 private schools and kindergartens, with a positive impact for over 6,000 children. The loan means access, in a few days, to amounts of up to 200,000 lei with a European guarantee, for which one can apply online, on the BT Mic website.

• For 85% of customers who have taken out such a loan, BT Mic is the first lender for that business.
• The average amount/funding was 100,000 lei.
• 90% of the funding went into investments - renovations, expansion of premises, IT infrastructure and platforms, other facilities needed to develop the activity.  
• The 100 grants went to projects across the country.

"We reached 100 private schools and kindergartens with this funding solution within a few months of launch. The fact that almost all of this funding has gone to investment shows how far-reaching the transformation of this sector has been in this period. This is why we come with a personalized approach, both in terms of product and dialogue with these entrepreneurs and we intend to stay close to them in the long term", says Cristina Sindile, General Manager, BT Mic.

The loan, granted for a period of up to 7 years, is intended for kindergartens and schools, regardless of their organizational form - SRL, association or foundation, with at least 3 months of activity. The financing can be used for online platforms, licenses, applications, training for employees, educational events, furnishing and equipping of premises, miscellaneous expenses, etc. There is no need for own contribution or material guarantees from BT Mic customers as it is provided by the European Investment Fund (EIF).

Larger projects, also aimed at education, are financed through Banca Transilvania, based on the same guarantee partnership with the EIF.

In addition to funding, BT Mic supports entrepreneurs through entrepreneurial education and acceleration programmes, as well as campaigns and client promotion on the BT Mic Blog. Some examples are: What are your plans for your business?, Start online, And I'm a BT Small customer and Buy from a small business.

BT Mic is aimed at companies with an annual turnover of up to 1 million lei, in all sectors of activity, and has so far supported over 16,000 customers in 3,000 locations.