EFSE provides loan for Macedonia's microcredit organisation Horizonti

"Horizonti’s mission is to provide the country’s population with low incomes, primarily women entrepreneurs, but also socially excluded and marginalised groups, with dependable access to finance," EFSE said in a statement.

Horizonti was created in January 2000 as a microfinance programme of Catholic Relief Services-USCC in Macedonia.

The EFSE, initiated by German development bank KfW with the financial support of the German federal ministry for economic cooperation and development and the European Commission, aims to foster economic development and prosperity in Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Georgia, Kosovo, Moldova, Montenegro, Romania, Serbia, Turkey and Ukraine.

($=0.7976 euro)