PROJECT

Projects

Summary of Investment Information

Project Number

41012

Company Name

AGENCY FOR FINANCE IN KOSOVO

Date SPI Disclosed

Jan 12, 2018

Country

Kosovo

Region

Europe

Projected Board Date

Feb 12, 2018

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Sep 3, 2021

Department

Regional Industry - FIG - ECA

Industry

Financial Markets

Previous Events

Approved : Mar 6, 2018
Signed : May 22, 2018
Invested : Jun 4, 2018

Sector

Microfinance and Small Business - Non Commercial Banking

Additional Project Attributes

Blended Finance

Project Description

  The Project entails IFC investment in Agency for Finance in Kosovo (AFK), one of 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  in its capacity as Implementing Entity of the Private Sector Window of   Global Agricultural and Food Security Program  (GAFSP).  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation