good.bee credit has granted total credit worth RON 8 million in its first six months of operations, with individual values between RON 3,000 and RON 210,000. Some 98 percent of total loans were offered to entrepreneurs from rural areas.
The firm has nationwide coverage through its 23 credit officers based at 10 regional offices (in Alba Iulia, Baia Mare, Braila, Bucuresti, Campulung Moldovenesc, Constanta, Cluj-Napoca, Iasi, Ploiesti and Resita). Ploiesti, Bucuresti and Alba were the most active regional offices in first six months of operations.
good.bee is a non-banking financial institution launched in November 2009 as a mixed company between Center for Economic Development and good.bee Holding (formed by Erste Foundation and Erste Group).
It offers micro loans to entrepreneurs in rural areas and small towns worth up to EUR 100,000 for a seven-year period.