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CEB grants 6 mln euro loan to back rural businesses in Serbia

Apr 1, 2024, 2:54:11 PMArticle by Djordje Jajcanin
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April 1 (SeeNews) - The Council of Europe Development Bank (CEB) said it has approved a 6 million euro ($6.5 million) loan to Serbia's 3Bank to support rural businesses and farmers in remote areas.

CEB grants 6 mln euro loan to back rural businesses in Serbia

The loan will help smallholder farmers, underbanked microentrepreneurs, solo female entrepreneurs, start-ups, and small traders, the CEB said in a statement last week.

The loan will be backed by a credit risk guarantee from the CEB’s Social Dividend Account (SDA).

$ = 0.9272 euro

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