Introduction

This module aims to explain the various financial opportunities and ways for women who want to sell their handicrafts. Module provides information and links for women to financial support and credit facilities for five countries ((Slovenia, France, Turkey, Greece and Poland) in the Dreamy m-learning project.

1. Basic concepts and explanations

What is a loan?

A loan is when you borrow money from a bank or other lender. Loan payments are divided into two parts, the principal (main) and the interest.

The principal is the amount you are borrowing and is the major (main) part of the balance of that account.

Interest is the charge for the time you have the loan and is calculated on the principal.

What is the loan balance?

A loan balance is an amount left to pay on your loan. Every loan has a loan balance up until the loan is entirely paid off. It changes on a daily basis (interest is added daily).

Loan amortization schedule; The principal and interest are separated, so you can see which part of your monthly payment goes to paying off the principal, and which part is used to pay interest.

What is a grant?

Grants are non-repayable funds or products disbursed or gifted by one party, often government department, corporation, foundation or trust, to a recipient. A government grant is a financial award given by the federal, state or local government to an eligible grantee.

What is tax incentive?

A tax incentive is a government measure that is intended to encourage individuals and businesses to spend money or to save money by reducing the amount of tax that they have to pay.

What is Microfinance

Microfinance is an umbrella term used to designate financial products and services for people excluded from the traditional banking circuit. Microfinance allows such people to finance their livelihoods, save, provide for their families and protect themselves from life’s everyday risks.

How does microfinance work?

Microfinance institutions offer “microloans” to borrowers along with assistance (financing a new business or an expansion plan, paying for urgent family needs, facilitating mobility to obtain a job, etc.), despite the fact that these borrowers do not offer a solid guarantee of repayment. Income generated by microloan borrowers’ economic activity enables them to pay off the loan balance.

How contribution of microfinance is empowering the women entrepreneurs?

Microfinance contribution is to help poor people including women in getting employment, increasing confidence, enhancing communication skills and in other aspects as well. Women gain greater control over resources like material possession, intellectual resources like knowledge, information, ideas and decision making at home, community, society and nation through involvement in these microfinance programs.

Microfinance is an important tool towards the entrepreneurial empowerment of women in a resource perspective. Group lending, which has been heralded as an important tool in poverty alleviation benefits members through networking.

What are business angels ?

Business angels (also known as angels or angel investors) are individuals who use their personal wealth to provide capital to start-up and early-stage businesses in return for a share of the company’s equity. The influx of capital can help an idea to develop into a viable company and provide the base to begin producing the product or service proposed.

The definition of “business angel” remains unclear, with the terms “business angel”, “informal investor” and “informal venture capital”.

What can they offer?

Business angels are able to offer:

• a cash injection for relatively small amounts that would not otherwise be available through venture capital,
• often follow up with later rounds of financing for the same company,
• are generally interested in becoming involved in the project by acting as a guide or mentor,
• invest their time as well as provide connections to their larger network in order to help guide the entrepreneur in the new business venture

The Women’s business angel fund

Women’s business angels found is usually part of an association that is a professional business non-profit, non-political organization supporting female participation in the innovation decision making. As business angel investments imply not only providing financial resources, but sharing knowledge, experience, and social capital. Association belief is that women’s involvement in a larger number and in new forms would bring economic benefit to all.

Some founds for female founders

500 Women: Funding Flawless Female Founders

Astia: Network that offers access to capital and training/support for women entrepreneurs

BBG (Built By Girls) Ventures: Invests in consumer internet start-ups with at least one female founder Chloe Capital: Seed stage VC firm focused on women-led companies

Female Founders Fund: Invests in female led start-ups in e-commerce, platforms, and web-enabled services Golden Seeds: Angel investor network and fund investing in women entrepreneurs

Intel Capital Diversity Fund: Fund that invests in female and minority led start-ups

Mergelane: Accelerator and investor of women led start-ups (Boulder, CO) Next Wave Impact: An innovative learning-by-doing early stage venture fund

Pipeline Fellowship: Women investors investing in women led social enterprises Valor Ventures: Fund based in Atlanta that funds female founders

Women’s Venture Fund: Helps entrepreneurs through courses, counselling, credit and more

2. Credit and support for women in project partner countries

In the following section, it explains how women can obtain funding for each country

2. Credit and support for women in project partner countries

2.1. Where to Find the Small Business Loans for Women?

For Slovenia:

Banks

www.hipkredit.si

Simple and fast online loan up to 7000 EUR without approval costs.

www.intesasanpaolobank.si

Microcredits with lower interest rate and costs where a favourable fixed monthly cost is allocated throughout the repayment period of the loan.

www.sparkasse.si

Attractive offer for s.p.

Financial services

www.skupina8.si : Loan of value 500 or 1000 EUR.

Regional Chamber of Commerce and Industry

www.eng.gzs.si : Is granting loans with a subsidy of a portion of the interest rate on short- term loans for members.

Enterprise Investment Center

www.pnc.si

Fast online loan from 1000 EUR to 30000 EUR.

For Turkey:

Banks:

https://www.akbank.com/tr-tr/urunler/Sayfalar/isim-icin-girisimci-destek-paketi.aspx

Akbank (girişimci destek paketi)

https://www.garanti.com.tr/tr/kobi/kobilere_ozel/kadin-girisimci-bankaciligi/kadin-girisimci-

kredi-destek-paketi.page

Garanti Bank, kadın girşimci destek paketi

https://www.teb.com.tr/kadin-patronum/kgf-kadin-patron-destek-kredisi/

TEB Bank hazine destekli kadın patron kredisi

https://www.isbank.com.tr/TR/kampanyalar/kampanya-ayrintilari/Sayfalar/kampanya-ayrintilari.aspx?CampaignName=kadin-girisimci-kredisi-kampanyasi&IdCampaign=Mzk2-ISB

İşbank Kadın Girişimci Kredisi

https://www.halkbankkobi.com.tr/NewsDetail/Kadin-Girisimcilere-Ilk-Adim-Kredisi/215

Halkbank kadın girişimclere ilk adım kredisi

For Greece:

When banks are financing new enterprises, they ask to see the business plan. The application will be studied by several groups checking different topics, it is particularly important that the business plan is as complete as possible to avoid any delays.

For France:

Women-Initiated Guarantee Fund (FGIF)

Object: Facilitate the obtaining of bank loans to cover working capital requirements and / or investments in the creation phase, recovery or development of a company

https://www.afecreation.fr/pid14855/appuis-pour-les-femmes.html

The networks

The national networks listed below are at your disposal to welcome you, inform you and accompany you in the editing of your project. Some are dedicated to women creators, others are aimed at all but have specific actions for women, others still follow the companies they have funded.

http://www.ellesentreprennent.fr/pid14416/les-reseaux-au-service-des-creatrices.html

The BPI France (Public Investment Bank):

http://www.bpifrance.com/

The BPI is an organization that is under the supervision of the State. She accompanies you in financing and development aids. Instead, it offers bonding and guarantee solutions to convince your bank to follow you in your projects

For Poland:

mBank

https://www.mbank.pl/firmy/kredyty/na-start/kredyty-na-start/

Loans for people running a business no longer than 6 months in the amount of up to PLN 30,000. You can do it online.

Aasa Polska

https://aasadlabiznesu.pl/

A loan for business development up to PLN 20,000. From the first day of operation.

Credit Agricole

https://www.credit-agricole.pl/male-i-srednie-firmy/kredyty/pozyczka-biznes

Loans for small and medium enterprises.

PKO BP

https://www.pkobp.pl/firmy/kredyty/produkty-kredytowe/pozyczka-na-start/

A start-up loan for business.

ING

https://www.ingbank.pl/male-firmy/kredyty-i-pozyczki/pozyczka-dla-malych-firm

Loan for companies.

2. Credit and support for women in project partner countries

2.2. Small-Business grants for women

For Slovenia:

Slovenski podjetniški sklad (Slovene Enterprise Fund)

https://www.podjetniskisklad.si/en

Start-up funds for newly born innovative companies (P2A and P2B): start-up capital for new innovative companies, more favorable sources of funding for development investment firms (subsidies, guarantees), promotion of private investment (equity, loans, guarantees).

Agencija RS za kmetijske trge in razvoj podeželja

Support for the creation and development of micro-enterprises.

Zavod RS za zaposlovanje=

Self-employment subsidies / occasional provision of grants for self-employment.

Slovenski regionalno razvojni sklad

Financial incentives, especially in the form of returnable funds, for initial investments in the field of entrepreneurship, agriculture, regional development, financial investments in regional guarantee schemes, pre-financing projects with approved European funds.

SID banka

Providing favorable financial resources for companies, export insurance business.

Eko sklad

Providing favorable financial resources for investing in environmentally-oriented projects and energy efficiency.

For Turkey:

KOSGEB

https://www.kosgeb.gov.tr/site/tr/genel/detay/6057/kadin-girisimciligi-women-entrepreneurship

The Small and Medium Enterprises Development Organization (KOSGEB) is the main body responsible for SME policy development, co-ordination and implementation. KOSGEB offers government loan support to female entrepreneurs who want to establish their own business. Within this scope, credit support of 50.000 TL (10.000 Euro) is provided within the framework of KOSGEB loan application. This support provided by the state is completely non-refundable. In addition to this grant support, women are provided with interest-free credit support. By 2018 this loan is 70.000 TL (14.000 Euro). The female entrepreneurs' first business will also be free from taxes for the first three years.

For Greece:

Seed Capital (http://www.digitalplan.gov.gr/portal/resource/Prosklhsh-Ypobolhs-Protasewn-sta-Ergaleia-Kefalaio-Epiheirhmatikwn-Symmetohwn-sto-stadio-Sporas-Seed-ICT-Fund-kai-Kefalaio-Epiheirhmatikwn-Symmetohwn-sto-stadio-Ekkinhshs-Early-Stage-ICT-Fund-gia-epiheirhseis-ston-klado-twn-Tehnologiwn-Plhroforikhs-kai-Epikoinwniwn-ICT-ths-Prwtoboylias-JEREMIE )

Seed Capital is small funding for starting an enterprise usually given to specific population categories, such as young people or the unemployed. The main features of these actions are that the capital is quite small (15 to 50 thousand euros), is prepaid and is intended to cover the operating expenses of the first year of operation of the company to allow time for the business development. Indicatively, there are actions of both the public (OΑED Program) and the private sector (TheOpenFund), for various sectors of the economy (traditional products, information technology, etc.).The process is quite simple, and submission can be done by anyone interested. However, these actions are not open throughout the year, while there are some prerequisites such as seminars and unemployment cards for public programs (OAED).

Partnership Agreement (PA) 2014-2020 (ESPA) (https://www.espa.gr/en/pages/staticPartnershipAgreement.aspx )

ESPA is the Greek programme that channels funds from the European Union programme for the elimination of inequalities between the EU regions. Within the framework of ESPA, government distributes funds targeted to trade, processing or primary production. Applications are submitted on time-limited periods, announced by the relevant Ministries and the general secretariat of ESPA. The evaluation of the proposals is made by independent evaluators, the results are published, and then a one to three-year period is given for the implementation of each action. Funding can be a percentage of the investment or tax reduction (typically 40-60%). The expenditure documents are required, and they are examined during on-the-spot checks.

The great advantage of ESPA is its availability, but as funding follows costs, it is not particularly useful for new businesses. However, it is a particularly attractive option to be combined with other forms of financing (bank loans, venture capital, etc.).

Among other the ESPA 2014-2020 programme funds the following initiatives:

• Start-ups & new entrepreneurship
• Upgrading micro & small businesses to develop their skills in new markets
• Doing business aboard

Greek community abroad (https://envolveglobal.org/el/envolve-awards/envolve-greece)

The Greek community abroad has also been active, and has created new actions, such as the Envolve Award Greece, that concerns an interest-free loan of up to 500 thousand euros, with a repayment within five years.

For France:

PRI (Regional Innovation Partnerships):https://www.bpifrance.fr/Toutes-nos-solutions/Aides-concours-et-labels/Aides-a-l-innovation-projets-individuels/PRI-Faisabilite

• This device is open to innovative SMEs being created but it is not their priority target.
• It is conducted in partnership only with 5 regions: Grand Est (Alsace, Champagne-Ardenne, Lorraine), Hauts de France (Nord Pas de Calais Picardy), Aquitaine / Poitou Charentes, Pays de la Loire, PACA.
• The most innovative projects will be selected and will be awarded a grant of 100,000 to 200,000 euros maximum per project. This assistance will allow you to cover the expenses related to the preliminary studies and the implementation of the project. It is paid in 2 installments (70% and 30%).
• Finally the project of the SME must take place over 12 months maximum.

For Poland:

EU funds

(https://www.funduszeeuropejskie.gov.pl/)

The common informational website about EU funds in Poland. On this site, each entrepreneur or future entrepreneur (but also NGOs, public bodies, etc.) can find interesting information about available funding.

Polish Agency for Enterprise Development

http://en.parp.gov.pl/

In Poland, Polish Agency for Enterprise Development offers the loan fund only for women, which aims to support the professional activation of women, improve their situation on the labour market by encouraging women to set up their own business. The Loan Fund for Women should contribute to reducing the problem of unemployment among this group. Women can apply for a preference loan in amount between 5 and 10 thousand € (20 and 40 thousand PLN).

2. Credit and support for women in project partner countries

2.3. Tax Incentives for start up women

For Slovenia:

Partial exemption from paying contributions up to two years after the first entry. - For 2 years - who opens s. p. for the first time and is based on self-employed included social insurance (only those persons who are included in the pension and invalidity insurance on the basis of self- employed).

For Turkey:

According to Article 9/6 of the Income Tax Law, those who manufacture and sell handmade products in the homes where they live are exempted from tax (Law No. 193, Official Gazette No. 28366 dated 27/07/2012).

To be exempt from tax, needed to obtain "Craft Certificate of Exemption" (Esnaf Vergi Muafiyeti Belgesi)

The following procedure is used to obtain a craft certificate of exemption:

Step 1: Persons wishing to obtain a certificate must apply to the tax office at the place where their residence is located with the petition.

Step 2: The following information shall be written as the type of activity carried out on the certificate of tax exemption: Manufacture and sale of handmade products in the houses they live in (ITL Article: 9/6)

Step 3: Home address is shown as work address

Step 4: If it is accepted that the conditions stated in Article 9 of the Income Tax Law are met, the tax office will issue a certificate.

Step 5: No fee will be charged for the certificate holder

Step 6: Craft tax exemption certificate is valid for three years from the date of issuance and it is possible to obtain new documents by applying to the tax office at the end of this duration

For Greece:

In Greece, incentives are given to enhance innovation as, under a new state law, companies that produce products or provide patent registration services internationally recognized in the name of the business are exempt for three years from income tax.

In particular, it is foreseeable that the profits of an enterprise arising from the sale of products for the production of which a patent is internationally recognized in the name of the enterprise are exempt from income tax for three consecutive years starting from the use in which they were first income from the sale of the products using a patent.

Exemption is also granted when products are produced in third-party installations. The exemption is also granted to profits arising from the provision of services when it concerns a patent which is also internationally recognized.

For France:

Women entrepreneurs are the subject of several specific supports. This public of entrepreneurs is the object of a particular attention, to help them better realize their project of creation or recovery. Women entrepreneurs do face sometimes more complicated personal situations, or a greater external distrust. Accompaniments or specific help exist to help them to advance their business creation project.

In terms of support, specialized networks have been in place for a few years. Les Premières network has set up incubators and business incubators, dedicated to women-led business creation projects. These creative projects must have an innovative side. The interest of this form of accompaniment? The incubator provides a follow-up of the business creator, but also hosting the business project for 1 year. The creative business woman is thus surrounded to start the first year of her business. The Force Femmes network supports women in the second half of their careers, that is to say over 45 years old. Those with a project of creation or takeover of company are followed during the preparation of their project: validation of the project, formation, realization of the business plan, etc. Actionelles also supports women in their business creation project. The association offers, in addition to support, including a relationship between creative women and experienced business owners, to break the isolation.

These 3 networks are not necessarily present throughout the national territory.

Support access to financing for women entrepreneurs

In terms of access to financing, the Guarantee EGALITE Femmes was set up by France Active. It is a bank guarantee, intended to facilitate the obtaining of bank loans by women entrepreneurs. This guarantee can be mobilized for projects of creation, recovery or business development.

This device is not exclusive of other business creation aids. But it completes the support system for women's creation or takeover projects.

https://les-aides.fr/focus/a5Zi/les-aides-pour-les-femmes-creatrices-ou-repreneuses-d-entreprise.html

For Poland:

In Poland, there are no separate Tax Incentives for women setting up a business

2. Credit and support for women in project partner countries

2.4. Micro finance and Other Start-Up Fund for women

For Slovenia:

Vstopne točke SPOT (VEM)

Information, basic advice, company registration

Podjetniški inkubatorji

Equipped offices, business and other support services

Univerzitetni inkubatorji

Equipped offices, business consulting and mentoring, free educational workshops

Podjetniški inkubator Univerze v Mariboru

Ljubljanski univerzitetni inkubator

Univerzitetni razvojni center in inkubator Primorske

Tehnološki parki

Equipped offices, mentoring, consulting, coworking Information,

Iniciativa Start-up Slovenija

Networking, organization of the competition

Mreža European Enterprise Network (EEN)

Search for business partners, information, counselling

Coworking prostori Coworking MB Hekovnik

Business start-up, networking, search for business partners, information, counseling, training

Gospodarska zbornica Slovenije

Counseling, training, assistance with internationalization

Obrtno podjetniška zbornica Slovenije

Counseling, training, issuing craft licenses, EU certificates, certificates for occasional craft activities in the Republic of Slovenia, licenses for carrying out transport

Program Erasmus za mlade podjetnike

Co-financing of entrepreneurship training - exchange of experience among entrepreneurs within the EU

For Turkey:

Kredi Garanti Fonu (The Credit Guarantee Fund- KGF)

http://www.kgf.com.tr/index.php/tr/

KGF is a non-profit incorporated company and acts as a guarantor for SMEs and non-SME enterprises that cannot get a loan due to insufficient collateral. Thus, KGF supports SMEs and non-SME enterprises in access to financing. The loan supports women entrepreneurs to grow their business or to remove their businesses from the difficult situation.

Turkish Grameen Microfinance Program

(http://www.tgmp.net/tr/ ).

Turkish Grameen Microfinance Program (TGMP) is a non-profit economic foundation. Instead of traditional donations and “charity,” TGMP offers “microcredit” services to help reduce poverty in Turkey. The goal of the micro credit system is to help low-income women engage in sustainable income-generating activities and contribute to their family budgets. Unlike the formal (commercial) banking sector, micro credit loans are offered without requiring collateral or any documentation other than a person’s Turkish national ID card

Some microcredit products are listed below;

Basic Loan

Basic Loan is the first type of loan for old and new members. New members may be granted a loan from 100 TL up to 1.000 TL and repayment of loans are made for 46 weeks.

Entrepreneurial Loan

A type of loan for entrepreneur and successful members may be granted a loan from 1.000 TL up to 5.000 TL and the repayment of loans are made during the 46 weeks.

Digital Divide Loan

In addition to the loans received by our members, this kind of loan is aimed at providing technological development for members. Thanks to this credit, members can have smart phones used with today's technology. Loan repayments are made for 46 weeks.

For Greece:

The People’s Trust

(http://www.thepeoplestrust.org)

The People’s Trust offers micro-grants to Greek entrepreneurs who wish to either create a new business, or grow an existing business, but are having difficulties in accessing credit. The grant is up to €10,000 per business provided as starting capital for a new business or working capital for an existing one. This funding program focuses on groups with low access to other forms of financing.

Microfinancing (AFI & Eurobank)

(https://www.eurobank.gr/el/business/proionta-kai-upiresies/proionta-upiresies/xrimatodotiseis/anaptuksiaka/easy-afi)

AFI (Action Finance Initiative) is a Civil Non Profit Company. It was set up in Greece in 2014 by ActionAid Hellas and the French organization ADIE, leader in microcredit in Europe.

Eurobank cooperates with AFI to help with microcredit (up to € 15,000) long-term unemployed, people belonging to vulnerable categories of citizens and micro-entrepreneurs without access to bank lending. They offer them the opportunity to create their own job (self-employment) or to develop small business units and create new jobs.

AFI assumes the preselection, training and mentoring of candidates. Eurobank undertakes credit control and funding.

For France:

A loan generally of less than € 25,000 intended for persons wishing to create or take over a business but whose resources are insufficient to qualify for a conventional loan. To benefit from a microcredit, the borrower must be accompanied by a specialized and competent support network such as: “France Active”, “France Initiative”, the “Boutiques de Gestion” or “the Fondation of 2e Chance”. These networks will help him to set up his project, to investigate his request for financing and to develop his activity. The main actor is ADIE (Association for the development of the economic initiative).

ADIE:

• Sensitizes, guides and informs women about business creation, with the organization since 2015 of an annual awareness campaign for women.
• Promotes project carrier financing, with accompanied microcredit for businesses that do not have access to bank credit.
• Reinforces the support of business creators, with training and awareness modules adapted to their specificities.

https://www.adie.org/nos-actions/pour-les-femmes

FRANCE ACTIVE

France Active has supported and financed companies for nearly 30 years and mobilized 270 million euros to service 7,400 companies last year.

Much more than a network, France Active is a true movement of committed entrepreneurs whose ambition is to build a more inclusive society. France Active's mission is to accelerate entrepreneurs' success by giving them the means to get involved. "

https://www.franceactive.org/

FRANCE INITIATIVE

After being called France Initiative Network, then France Initiative, the network has redesigned its brand system. Since 1 October 2012, the national association is called Initiative France. Local platforms and regional coordination’s make the same change. It's more than just a reversal of words. This brand now highlights the term that is common to all: Initiative, while displaying the name of the territory. It is accompanied by a logo that graphically reflects the strength of a national network and its diversity, linked to its local roots. Finally, it bears a signature that gives full meaning to our collective action: "A network, a spirit"

http://www.initiative-france.fr/

BGE

For more than 35 years, BGE has been supporting business creation and working to make it a reality accessible to all. By accompanying entrepreneurs at every stage of creation, from emergence to business development, we give everyone who takes the chances of success.

As a non-profit association network, BGE is made up of 50 associations established in the territories to open up prospects, secure the entrepreneurs' path and create lasting solutions for employment and local development.

http://www.bge.asso.fr/nous-sommes/notre-engagement.html

2nd CHANCE FOUNDATION

The purpose of the 2nd Chance Foundation is to support people aged between 18 and 62, who have gone through difficult life events and are currently in a very precarious situation, but who have a real desire to bounce back.

The 2nd Chance Foundation offers them human and financial support to carry out a realistic and sustainable professional project: qualifying training, creation or takeover of a company.

http://www.deuxiemechance.org/fr

For Poland:

STARTUP ACADEMY

training, mentoring, innovative start up building methods, acceleration programs

TWÓJ STARTUP

pre-incubation, legal and accounting consulting, IT and marketing consulting, training

Inkubator Technologiczny Podkarpackiego Parku Naukowo-Technologicznego

office rooms, consultancy services, development support

Przedsiębiorcze kobiety 2.0

The project is addressed to non-working women to help them set up their own business

AIP

Business Consulting, Mentoring and coaching, Accounting service, Legal support, Start-up Training

3. Step-by-step funding in project partner countries

For Slovenia:

Step 1: At the Employment Service of Slovenia register as unemployed persons. Immediately tell your personal advisor at your first meeting that you want a subsidy. The personal advisor will prepare a recruitment plan and a declaration of inclusion in the self-employment assistance program.

Step 2: You must attend a promotional day at the Employment Service where the advisor appoints you. There you will fill in a notification on which a commission will decide whether or not you will be accepted in the program.

Step 3: In order to obtain a subsidy, at least 90 % level of educational program attendance is required.

Step 4: After successfully completing the training and following an approved entrepreneurial plan and signing an employment plan at the Employment Service, you must self-employ within 30 days.

Step 5: Register a self-employed business. Apply for compulsory social insurance. Give the full application to the employment office within 30 days after the approved business plan.

For Turkey:

Step 1: Potential entrepreneurs who want to get state support need to participate in the entrepreneurship training given by KOSGEB. Some 45% of all KOSGEB training is taken by women.

Step 2: Women should apply to the KOSGEB centers in the province or districts for this training

Step 3: Starting dates for entrepreneurship trainings are also published on KOSGEB's official website (http://www.kosgeb.gov.tr/) These entrepreneurship trainings are completely free

Step 4: After 32 hours of training, potential entrepreneurs are awarded entrepreneurship certificates

Step 5: After these trainings, if the women entrepreneurs succeed, the next step is to start the establishment of the work place

Step 6: At this stage, the woman entrepreneur presents her business plan to KOSGEB (preparation of business plan education is given during KOSGEB training)

Step 7: This plan will preliminary evaluated by KOSGEB in terms of information, document and form

Step 8: If the business plan is accepted as the result of the evaluation by the Board, it will be registered in KOSGEB database

For Greece:

Step 1: The funding approval process includes 4 steps. The first step is to complete the form of interest.

Step 2: A first meeting will follow in order to give us a more detailed overview of the business plan. The purpose of the meeting is to confirm the fulfilment of the evaluation criteria and the identification of financing needs, as well as the appropriate financial instrument for them.

Step3: After the first meeting, the formation and finalization of the business plan follows with the cooperation of a competent consultant. This stage may require more than one meeting, depending on the degree of readiness of the businessman concerned and the needs of his business.

Step 4: The final business plan is evaluated by the relevant committee and, if approved, we will proceed with the provision of microfinance of up to € 10,000 and advisory support to begin its implementation.

For France:

If you are not a job seeker

THE AID OF THE STATE

ACCRE

Your application must be filed with the competent enterprise formalities center (CFE) either when your business is created or resumed or within 45 days of it. You must attach to your request:

Step 1: Your application must be filed with the competent enterprise formalities center (CFE) at the time of the creation or resumption of your business or within 45 days of it. You must attach to your request:

The declaration form of the company at the CFE or its copy,

The specific form of the aid application form, which is valid on the honour of not having benefited from this aid for 3 years,

Proof that you belong to one of the categories benefiting from the ACCRE.

Other documents may be requested by your CFE, I advise you to contact them.

Step 2: In return, it issues you a receipt for registration of your ACCRE application, informs the social organizations of your request, and sends the request to the competent Urssaf within 24 hours. The URSSAF rules on the request within one month.

Step 3: In the event of a favourable response, Urssaf will issue you a certificate of admission. If not, it shall give reasons and notify its decision of rejection. If there is no response within one month, the ACCRE is considered granted.

https://www.legalstart.fr/fiches-pratiques/aides-creation-entreprise/aide-creation-entreprise-femmes/

If you are a job seeker

Step 1: Registration at Employment centre as unemployed.

Step 2: A meeting date will be set for you with an office consultant.

Step 3: Fill out the grant application.

Step 4: Write a business plan.

Step 5: Wait until the application receives a positive rating

https://www.petite-entreprise.net/P-226-88-G1-les-aides-et-subventions-pour-createur-d-entreprise.html

For Poland:

Step 1: Registration at the Labour Office as unemployed.

Step 2: A meeting date will be set for you with an office consultant.

Step 3: Fill out the grant application.

Step 4: Write a business plan.

Step 5: Wait until the application receives a positive rating (it may take up to 30 days).

Step 6: If you have received a positive decision, you must join to the "ABC dla przedsiębiorcy" course. It lasts 20 hours.

Step 7: Create a business in the Commune Office.

4. Quiz

5. References

https://www.thebalancesmb.com/loan-principal-questions-and-answers-398400

https://erpnext.org/docs/user/manual/en/non_profit/Grant%20Application

http://evem.gov.si/info/razmisljam/drzavne-spodbude-za-zagon/

https://www.podjetniskisklad.si

https://www.collinsdictionary.com/dictionary/english/tax-incentive

https://data.si/blog/2016/02/12/oprostitev-placila-prispevkov-za-s-p-izkljucno-ob-prvem-vpisu-v-poslovni-register/

https://www.banquedeluxembourgnews.com/en/bank/blnews/-/microfinance-comment-ca-fonctionne

https://www.microfinancegateway.org/what-is-microfinance

https://group.bnpparibas/en/news/mfi-work

https://www.omicsonline.org/open-access/impact-of-microfinance-on-women-empowerment-an-empirical-evidence-from- andhra-pradesh--2169-026X-1000141.php?aid=56415

https://www.worldfinance.com/banking/microfinance-empowering-female-entrepreneurs

https://www.syndicateroom.com/learn/glossary/business-angel

https://debitoor.com/dictionary/business-angel

http://theconversation.com/business-angels-what-are-they-and-why-are-they-important-8794

https://startups.co.uk/what-are-business-angels-and-what-can-they-offer/

www.wbusinessangels.com

http://www.37angels.com/female/

http://www.thewealthyyogi.com/blog/2016/9/25/28-top-angel-groups-venture-capital-firms-for-women-entrepreneurs

https://ec.europa.eu/growth/smes/promoting-entrepreneurship/we-work-for/family-business_en

https://www.podjetniskisklad.si/sl/pomoc-uporabnikom/pripomocki-za-pripravo-vloge/elektronski-obrazci-za-prijavo-na-razpise

http://evem.gov.si/info/razmisljam/drzavne-spodbude-za-zagon/

https://www.ess.gov.si/obvestila/obvestilo/spodbujanje-zenskega-podjetnistva-1