PROJECT

Projects

Summary of Investment Information

Project Number

40428

Company Name

KEP TRUST

Date SPI Disclosed

Jan 9, 2018

Country

Kosovo

Region

Europe

Projected Board Date

Feb 12, 2018

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Sep 2, 2021

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Mar 6, 2018
Signed : Apr 4, 2018
Invested : Apr 30, 2018

Sector

Microfinance and Small Business - Non Commercial Banking

Additional Project Attributes

Blended Finance

Project Description

  The Project entails IFC investment in KEP Trust (KEP), the leading microfinance institutions (MFI) in Kosovo, a fragile and conflicted state (FCS) and IDA country, to support expansion of its lending program to domestic individuals, micro and small enterprises (MSEs) including  micro agricultural farms and very small agri processing companies.  The investment will be provided in Euro for up to three years from IFC’s own account and from  Global Agricultural and Food Security Program  (GAFSP).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation