You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

EBRD approves 4 mln euro loans to Kosovo's AFK in support of MSMEs

EBRD approves 4 mln euro loans to Kosovo's AFK in support of MSMEs Photo: EBRD

PRISTINA (Kosovo), July 1 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it approved two loans worth a total of 4 million euro ($4.2 million) to microfinance institution Agency for Finance in Kosovo (AFK) in support of micro-, small- and medium-sized enterprises (MSMEs).

The EBRD approved a senior unsecured loan of up to 2 million euro under the Western Balkans Women in Business Programme Phase II for on-lending to eligible women-led MSMEs, it said in a project summary document on Thursday.

The lender will also provide a senior unsecured loan of up to 2 million euro for on-lending to MSMEs under the Financial Intermediaries Framework (FIF).

Each of the loans will be provided in two equal tranches.

($ = 0.9577 euro)

Share this story
SeeNews in Brief

View our Newsletters

 
Compare