KREDITIMI RURAL I KOSOVES LLC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Kreditimi Rural i Kosoves (KrK) is a microfinance institution in Kosovo offering tailored loan products to farmers, traders, and micro and small businesses in rural areas. KrK is an existing client in which FMO invested equity. Over the last few years KrK has demonstrated an improving performance which FMO wishes to support with a new loan facility.
What is our funding objective?
KrK has a clear rural focus with a large agricultural portfolio (>50 percent). Loans are predominately provided in economically disadvantaged communities to small farmers and entrepreneurs and the portfolio is devoted to micro-financing activities. KrK provides high quality services and loans for productive purposes, the institution contributes to the economic development of the country, especially considering the high unemployment rate.
Why do we fund this investment?
Land-locked in the Balkans and affected by recent war, Kosovo is the poorest nation in Europe, with a GDP per capita of US$8,000. By supporting KrK, FMO contributes access of finance to micro-entrepreneurs.
More investments
| Date | Total FMO financing |
|---|---|
| 11/25/2021 | EUR 0.03 MLN |
- Region
- Europe & Central Asia
- Country
- Kosovo
- Sector
- Financial Institutions
- Effective date
- 2/5/2016
- End date
- 4/30/2019
- Total FMO financing
- EUR 3.00 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B