You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

EFSE provides 4.0 mln euro loan to Banka per Biznes to back rural entrepreneurs in Kosovo

Author Nina Byalkova
EFSE provides 4.0 mln euro loan to Banka per Biznes to back rural entrepreneurs in Kosovo Author: Ken Teegardin. Licence: Creative Commons.

PRISTINA (Kosovo), October 28 (SeeNews) – The European Fund for Southeast Europe (EFSE) said on Wednesday it is providing a 4.0 million euro ($4.4 million) loan to Banka per Biznes (BPB) to support rural entrepreneurs in Kosovo.

The loan will enable Banka per Biznes to offer a larger number of long-term loans to the EFSE’s target group of micro and small enterprises (MSEs) and particularly to those engaged in agriculture, EFSE said in a press release.

“Kosovo remains an important country of operation for the EFSE, so we are pleased to increase our engagement through our partnership with BPB,” Monika Beck, chairperson of the board of EFSE, said.

“BPB and EFSE are a very good fit as we both share the belief in the importance of the agricultural sector for economic development,” she added.

The European Fund for Southeast Europe (EFSE) was initiated by KfW Development Bank (KfW) with the financial support of the German economic cooperation and development ministry and the European Commission. It aims to foster economic development and prosperity in Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Kosovo, Georgia, Moldova, Montenegro, Romania, Serbia, Ukraine and Turkey. 

($=0.905 euro)

Compare