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  • Date of update:2024-01-12
  • Date of inspection:2024-06-19

Goals

Workforce Development Agency(WDA) provides assistance in Phoenix Micro Start-up Loan and offers interest subsidies for women, offshore island residents and the middle-aged and senior citizens to relieve the financial pressure at early-stage of start-up.

Qualifications

Applicants must be the owners of the enterprises and meet the following requirements:

  1. Age:females aged 20-65,elders aged 45-65 and offshore islands residents aged 20-65.
  2. Establishment registration:business / company registration or taxation registration within 5 years.
  3. Number of employees:the number of employees in the business is less than five(business owner excluded).
  4. Courses certificate:the applicant has involved in entrepreneurial training programs sponsored by the government for 18 hours within 3 years.

Implement Measures

The maximum amount of the loan is 1 million N.T.D. (Taxation registration is 500,000 N.T.D.),with low interest rate(according to the floating rate for 2-year postal savings plus 0.575%),and the interest is free for the first 2 years; moreover, the loan is guarantor-free, collateral-free, and 95% credit guaranteed.

Soft Terms for Special Identities

Applicants who meet certain requirements, are interest free for the first 3 years, such as families of special circumstances, victims of domestic violence, sufferers of occupational accidents, victims of criminal behavior, low-income households who meet the requirement of Public Assistance Act, natural disaster-stricken households, laborers affected by trade liberalization, and single breadwinners set out on Employment Service Act. From the 4th year, these applicants afford the fixed liability interest rate of 1.5% and WDA subsidizes the balance of interest.

Reapplication

To match the real financial needs of those who got the Phoenix Micro Start-up Loan before, the applicants may re-apply. The maximum amount of the second loan gets from the maximum amount deducting the initial amount.

Goals

To assist the unemployed of Employment Insurance to start up a business, which is provisioned in the paragraph 3 and 4 of Article 12 of the Employment Insurance Act,Workforce Development Agency (WDA) encourages the unemployed to start up an entrepreneurship in order to promote employment, and achieve the goal of stabilizing their lives.

Qualifications

Applicants must be the insured of employment insurance and meet the following requirements:

  1. Accepting entrepreneurship counseling and guidance and adaptability analysis of WDA.
  2. Joining the training of entrepreneurship management of WDA.
  3. Guided by WDA and set up registration according to law.
    1. The set-up registration date shall be after the counseling and training program for the entrepreneurship.
    2. The applicant is unemployed during the time when he or she accepts guidance, participates the entrepreneurial training programs and makes a company or business registered.
  4. Be the owner of the enterprise.

Implement Measures

The maximum amount of the loan is 1 million N.T.D, with low interest rate (according to the floating rate for 2-year postal savings plus 0.575%). The first 3 years of the loan is free of interest. No guarantors are required. No collaterals are needed. The SMEG(Small & Medium Enterprise Credit Guarantee Fund of Taiwan) provides 95% credit guarantee and WDA subsidizes the balance when applicants afford the fixed liability interest rate of 1.5% from the 4th year.