At microStart, we always ask you to have someone who is responsible for 50% of the loan amount.
The guarantor can be for example a family member or someone close.
If you can't find anyone to vouch for you, we can offer you an alternative option that is prior savings. In some cases, we allow a deposit equivalent to 25% of the loan amount. This amount, of which you must justify the origins, will remain blocked for the entire duration of the loan in a guarantee savings account opened with BPost. You will recover this amount, once the entire loan has been repaid.
NB: with the committee, an application with prior savings is considered to be more risky and is therefore more likely to be rejected than an application with a guarantor.