PROJECT

Projects

Summary of Proposed Investment

Project Number

10745

Company Name

ProCredit Bank d.d. Sarajevo

Date SPI Disclosed

Jan 28, 2002

Country

Bosnia and Herzegovina

Industry

Financial Markets

Projected Board Date

Feb 28, 2002

Status

Completed

Sector

Commercial Banking - Microfinance and Small Business

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Mar 14, 2002
Signed : Sep 12, 2002
Invested : Dec 23, 2002

Project Description

The IFC credit line would be used for on-lending to micro and small enterprises in Bosnia. At December 31, 2001, about 94% of MEB''s disbursed loans were between $1,500 and $15,000, and the average loan continues to be about Euro 4,300 (about $3,800). In addition, about 25% of loans were for women. The Euro 3.0 million IFC loan will allow MEB to continue growing its operation and its loan portfolio while continuing to extend credit to the poor and under-served of BiH.

Sponsor / Cost / Location

Development Impact