An introduction into the Rotating Credit Fund

The Rotating Credit Fund explained
 

In combination with our educational program and our Business Plan Seminar, a special Rotating Credit Fund (RCF) has been established in each of our three partner banks – Agrobank, MKBANK and Xalq Banki. In the Business Plan Seminar young entrepreneurs learn how to develop their own business idea and how to present their business plan to banks. Promising participants receive a letter of recommendation for their creative ideas. With this letter, they can apply for a loan from the RCF, according to the bank’s rules and regulations, and invest in a start-up or an already existing micro or small agricultural enterprise.

During the Business Plan Seminar, we work with a concrete business idea to show the participants how their business plan should be structured and which information needs to be included. While writing your business plan, always try to answer the following question: Who contributes how to which activity of the business? The process of creating value needs to be clearly presented.

Get some first impressions of this seminar by having a look at the blank version of the business plan we are working with: