To promote the private education and training sector, the state and the representatives of the sector have signed a frame agreement which entails setting up the “FOPEP” Private Education Promotion Fund, to finance jointly with banks, the creation or the extension of private education and training institutions.
The CCG has been entrusted with the management of “FOPEP”.
Eligibility requirements
Private education and training institutions are entitled to joint-loans, to finance the creation or extension of their projects.
Financing investment programmes
The creation or extension programmes for private education and training institutions will be financed with stock capital and/ or self-financing, and with joint-loans made up of the “FOPEP” share and the bank share as follows:
Stock capital and/ or self-financing: 30% minimum.
“FOPEP” share: 30% maximum.
Bank share: 40%, but not lower than the “FOPEP” share. The bank share in the joint loan can be covered by the CCG guarantee up to 60% of the loan principal and regular interest, in compliance with procedures and terms in force.
Duration of joint loans
Joint loans are granted by banks and “FOPEP” for a period of up to 12 years, including a deferment period not exceeding 4 years.
Repayment terms for “FOPEP and for the bank must be similar.
Joint loan interest rate
The interest rate applicable to the “FOPEP” share is set at 2% exclusive of VAT per year. The rate applicable to the bank share is negotiated between the bank and the beneficiary.
Submitting and processing files
To apply for the “FOPEP” share and, if need be, for the CCG guarantee on the bank share, files must be forwarded by the bank to the CCG, and must include the following documents:
a formal request from the bank detailing terms and conditions set for granting joint loans
3 copies of the bank study which should include the investment programme intended and its financing plan, as well as trading forecasts.
for extension programmes, synthesis reports and their analysis for the last three years,
For extension programmes, a recent copy “7” of the trade registers for private education and training institutions.
Applications for financing are processed, and applicants notified by the CCG as to the outcome, within 10 working days of the date of submission for investment programmes not exceeding MD 10,000,000, and within 15 working days for investment programmes exceeding MD 10,000,000.
Eligibility requirements