📋 Tender Overview
Location:
Kosovo
Project number:
56202
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
04 Mar 2025
Status:
Approved
English-language PSD published:
10 Mar 2025
Project Description
Provision of a senior unsecured loan in the amount of up to EUR 2.0 million to KRK, for on-lending to eligible women-led SMEs in line with the criteria under the Western Balkans Women in Business Programme Phase II ("WB WiBP II").
Project Objectives
The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.
Transition Impact
ETI score: 68
The project contributes to the objectives of the WB WiBP II, supporting the Transition Impact qualities of Inclusive and Competitive. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services, while demonstrating the business case for scaling-up lending to the women-led SME segment. Transition impact is also expected to derive from market expansion in line with the EBRD Financial Intermediaries Framework.
Client Information
KREDITIMI RURAL I KOSOVES LLC
Kreditimi Rural i Kosoves, LLC ("KRK") is the third largest microfinance institution by gross loans in Kosovo, with the mission to provide access to financing to local MSMEs. At YE 2024, KRK services almost 26,000 clients across the entire territory of Kosovo through its network of 29 branches and 287 employees.
EBRD Finance Summary
EUR 2,000,000.00
Total Project Cost
EUR 2,000,000.00
Additionality
The project will support the market segment as a whole and enable the continuation of the successful implementation of the previous WiB project.
Environmental and Social Summary
Categorised FI (ESP 2024). Kreditimi Rural i Kosoves (KRK) is an existing client of EBRD. Under existing exposures, its environmental and social (E&S) performance has complied with Performance Requirements 2, 4, and 9 of the 2019 Environmental and Social Policy (ESP). Under the 2024 ESP, KRK must comply with Environmental and Social Requirements 2, 4, and 9 and the EBRD E&S Exclusion List. The MFI will also need to submit annual E&S reports to EBRD. Sub-borrowers financed through KRK's loans must meet national environmental, health, safety, and labour regulations.
If the EBRD's funding is used for solar subprojects, where there may be higher risks of forced labour in the supply chain, these subprojects must be managed following the EBRD Policy Statement.
Technical Cooperation and Grant Financing
The WiB Phase II TC programme is supported by SSF and the EU through EFSD+. The TC funds will provide capacity building for both KRK and eligible women-led SMEs.
