Success stories
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HS Tehnosilveg, Mr. Hodosan Mircea Codrut
Mr. Hodosan Mircea Codrut, the sole member of HS Tehnosilveg, collaborates with ProCredit Bank since 2004 when the first loan was contracted. "I am happy with the relationship I have with the bank and I appreciate the support that they gave me over time." In 2006-2007, Mr. Hodosan has benefited of European funds with S.A.P.A.R.D. funded project, project financed through a ProCredit Bank loan. "The difference comes from the experience in the agriculture filed because people do know what I am talking about and they understand the needs that my company has."
European Union offers access to grants, which represents an opportunity for those who want to develop their business. HS Tehnosilveg turned to co-financing for its project of development. Because the earning from the current activity were invested in the business, HS Tehnosilveg contracted the AgroInvest - European Funds loan from ProCredit Bank as until receiving the money from the EU the investors have to cover themselves all costs related to the approved business plan.
The loan contracted by the company to finance the projects co-financed by the E.A.F.R.D. was of Eur 885,000, with a maturity of 10 years. The grant from the European Union is Eur 320,000. The difference comes from costs that are not covered by the European Union, but could be covered by loans from ProCredit Bank.
All investments that Mr. Hodosan did were in agricultural machinery. HS Tehnosilveg owns a farm in Timis county, which the business owner wanted to extend. For this he needed 2 medium power tractors, 1 head of a semi tractor and transport grain and other agricultural equipment in addition. The investment is high; Mr. Hodosan made a proposal for EU funds, this was approved and he went ahead with the developments.
Having the possibility of contracting a loan to cover expenses to be made for investments means, in fact, having the possibility of accessing European funds. "I had no other financing options as all I gained I reinvested in the farm I own. I did not consider necessary to seek help elsewhere, the solution offered came naturally from ProCredit Bank.”
Most times, those who wish to access these funds face the problem of full funding in the first phase. By the time of getting the money from the EU, the investor has to cover the expenses on his own, but ProCredit Bank offers investment loans for this purpose. "I cannot complain, working together with ProCredit Bank for 5 years, I turned to them and now I have the agricultural machinery I needed."