Promozione del settore privato
Facilitazione dell’accesso al capitale per le PMI

• Natural persons willing and capable to launch a business
• Currently self-employed individuals or owners of an enterprise
• Limited liability companies whose annual turnover is not exceeding 1.4 million (ca. CHF 2.45 million) and which are not employing more than 9 persons.

With the advent of the global financial crisis in 2008, Latvia experienced the largest GDP decrease in the entire EU, due to a sharp decline of financial inflows and the consecutive slump in private consumption and investment. In 2009 alone, the deep economic recession resulted in a GDP decrease of 18%.
The unprecedented economic crisis has had a very negative effect on the labor market. In 2010, more than 17% of the working population was unemployed. Although the economy has shown signs of recovery during the second half of 2010 and should start to grow again this year, the employment rate is expected to recover only slowly.

• Growth of employment and rise in living standards
• Growth of economic activity, particularly in the micro-business sector
• Support to family businesses providing a sustainable source of income

• Provision of micro-loans to entrepreneurs which do not currently have access to a commercial bank loan
• Provision of grants: Borrowers who have complied with all loan agreement terms are entitled to a grant for loan redemption of up to 50% of the loan amount, but not more than 1) 500 Lats (ca. 850 CHF) in the countries' major cities and the surroundings of Riga, and 2) 750 Lats (ca. 1315 CHF) in all other municipalities.
  

• Issuance of up to 650 micro-loans
• Creation of up to 900 workplaces