To enable the provision of microcredit in Aruba, the European Union has made the COSME guarantee facilities available to Qredits. You can apply here for a microcredit at Qredits *.
COSME – EU Program for small and medium-sized enterprises
COSME is a guarantee facility of the European Union. The purpose of COSME is to improve the competitiveness of SMEs by offering a guarantee facility to lenders. Partly due to the COSME guarantee, Qredits in Aruba will be able to provide microloans up to Afl. 50,000. Under COSME there are two financial instruments. Qredits employs the "Loan Guarantee Facility (LGF). On the COSME website you can find more information about this guarantee facility.
* Note: Qredits cannot provide microcredit to every applicant for microcredit. There are certain conditions attached to it. Here you can find more information whom the microcredit is intended for, here on the costs associated with the microcredit and here on the application process.