17 March 2020 – Relaxed loan repayments for small businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Dutch Government has set aside €6 million for microfinance company Qredits, to prevent Dutch entrepreneurs from having to repay their microcredit loans (up to $50,000) for a period of 6 months, as well as to reduce interests on loans to 2 percent during the same period.

Qredits provides small business loans to approximately 20,000 Dutch businesses. The government”s contribution is expected to help 3,000 to 6,000 small entrepreneurs.
Full details here: https://www.rijksoverheid.nl/onderwerpen/coronavirus-covid-19/documenten/kamerstukken/2020/03/17/kamerbrief-over-noodpakket-banen-en-economie