PROJECT

Projects

Summary of Investment Information

Project Number

39206

Company Name

KREDITIMI RURAL I KOSOVES LLC

Date SPI Disclosed

Feb 16, 2017

Country

Kosovo

Region

Europe

Projected Board Date

Mar 27, 2017

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Mar 30, 2017
Signed : Apr 6, 2017
Invested : Apr 19, 2017

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

  The proposed project consists of a senior loan of up to EUR4 million, to Kreditimi Rural i Kosoves (“KRK” or the “Company) for on-lending to individual, micro and small enterprises (MSEs) in Kosovo.    

  KRK is an IFC investment client since August 2015 when IFC committed a senior loan of EUR1.5 million. The Company is a leading lender to micro and small enterprises in Kosovo with a special focus to agriculture and agriprocessing (with close to 50% of the loans and 60% of the clients). By continuing engagement with KRK the project seeks to further build a solid platform to expand financing to individuals and entrepreneurs in rural and sub-urban areas, typically underserved by traditional commercial banks.

Associated Advisory Engagement

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation