The Managing Director of Recyship, European Life 07 project ENV/ 000787, Miguel Ángel García MolinaThe last few hours, he took part in the presentation of Communalthe new fund for entrepreneurs designed by Caja Navarra. The Comunal will be endowed with five million euros distributed in three main lines of investment.

The first will consist of a line of Microcredits and will be aimed at facilitating the start-up of personal projects aimed at covering basic needs or small business ideas. The established limit is 15,000 euros The target group will mainly be new entrepreneurs with at least a technical qualification in vocational training, a bachelor's degree, a diploma or a bachelor's degree. Members of groups at high risk of social exclusion may also benefit from this credit line.

In second place are shareholder loans which will provide the necessary economic and financial backing to complete the market launch as well as the achievement of the first sales in business projects that are just starting up. To this end, 100,000 at very advantageous conditions.

Finally, the line was presented Capitalin which it would be framed Recyship Industries  and which consists of to support expansion, diversification or internationalisation projects for established companies of the Comunidad Foral. To this end, Caja Navarra reserves up to 500,000 euros for this type of initiative.. This would be the case forRecyship Industries, "a spin-off of Recyship, European Life 07 project ENV/ 000787"explained its Managing Director,Miguel Ángel García Molina.

Precisely, his first words were to thank the people in charge of Caja Navarra their invitation to this event. Miguel Ángel García Molina also stated that his project is currently seeking funding and aims, among other major achievements, to create 300 jobs, 25 of which would be generated here in Navarre..

"The entry of Caja Navarra would be for us a guarantee of quality and we are sure that it can act as an element of attraction for the arrival of new investors with whom we have already made contact and with whom we hope to start working soon."said the head of Recyship, European Life 07 project ENV/ 000787.

Diego Gutiérrez Zarza