PODGORICA (Montenegro), December 23 (SeeNews) – Germany’s KfW Bank has approved a 5.0 million euro ($6.8 million) loan for Montenegrin microfinance institution Alter Modus, the Podgorica-based company said on Monday.
The loan will be used to finance Montenegrin micro entrepreneurs by supporting the implementation of their business ideas, Alter Modus said in a statement on its website.
($ = 0.7320 euro)