KREDITIMI RURAL I KOSOVES LLC
Status: Approved 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” or “the Company”) is a microfinance institution in Kosovo offering tailored loan products to farmers, traders, and micro and small businesses in rural areas.
What is our funding objective?
FMO’s funding will be used to improve KRK’s E&S performance monitoring by (i) developing specific indicators to measure social and environmental performance, (ii) evaluating social and environmental performance based on a client impact study, and (iii) improving the E&S monitoring systems based on the new indicators created and input from the client study.
Why do we fund this investment?
FMO funds this project to integrate a high-quality ESMS in KRK’s primary business process which is closely aligned with FMO’s strategy to provide micro-entrepreneurs with access to finance and to promote green development.
More investments
| Date | Total FMO financing |
|---|---|
| 4/30/2019 | EUR 3.00 MLN |
- Region
- Europe & Central Asia
- Country
- Europe & Central Asia
- Sector
- Financial Institutions
- Effective date
- 11/25/2021
- Total FMO financing
- EUR 0.03 MLN
- Funding
- ForeignAffairs - CD
-
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