The Bulgarian bank for development (BBR) will give 100 million leva for the financing of farmers.

The funding is provided in the form of single-purpose credit lines from the business banks in Bulgaria. The maximum amount a single credit line from one bank can’t surpass 25 million leva.

So far, 12 Bulgarian banks expressed interest to receive single-purpose credit lines. Eight of them already signed contracts to provide credit lines. One of them is ProCredit Bank, which recently announced it’s conditions for single-purpose crediting of farmers.

The total amount of funds provided from contracts with business banks is 33 million leva.