MIKROKREDITNO DRUSTVO EKI D.O.O.
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
EKI is one of the leading microfinance institutions in Bosnia & Herzegovina and has a focus on the agricultural sector. The country is still struggling with war-torn past in 90s and complicated system of government. EKI's mission is to provide the right financial services to low-income people and ca. 40% of EKI clients are women. The goal is to enable economic independence of those groups.
What is our funding objective?
By providing long-term finance to EKI with EUR 5mln, FMO helps facilitate access to finance for micro entrepreneurs, mainly in the agricultural sector. EKI does not only promote inclusive finance but also helps create many jobs in a country with an unemployment rate of approximately 40%.
Why do we fund this investment?
By providing long-term finance to an institution operating in Bosnia and Herzegovina, FMO enables EKI to continue promoting access to finance for micro entrepreneurs. With its focus on micro clients in the agricultural sector, EKI promotes inclusive finance.
- Region
- Europe & Central Asia
- Country
- Bosnia and Herzegovina
- Sector
- Financial Institutions
- Effective date
- 8/17/2017
- End date
- 3/16/2021
- Total FMO financing
- EUR 5.00 MLN
- Funding
- FMO NV
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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) - C