WB EDIF GF II – managed by the EIF - provides guarantees to financial or credit institutions, guarantee schemes including mutual guarantee organisations, micro-finance institutions and any other financial institution - subject to fulfilling certain criteria - established and operating in one or several Western Balkan countries (Albania, Bosnia and Herzegovina, former Yugoslav Republic of Macedonia, Kosovo (i), Montenegro and Serbia) to encourage them to build up new portfolios of SME loans and thereby improving access to finance to SMEs in the region.
Activities carried-out by SMEs should not breach ethical principles or focus on one or more EIF restricted sectors.
The key benefit is that EIF is taking part of the risk which will enable the financial intermediaries to increase its loan volumes, gain new customers and enter into new market segments.
WB EDIF GF provides First Loss Portfolio Guarantees (FLPG) of SME loans to any financial institution committed to SME financing established and operating in one or several Western Balkans participating Countries, thus allowing them to increase their lending to SMEs by covering part of the risk of such SME loans.
If you are eligible, you can apply by downloading and submitting to the EIF all the application documents published here below by 31 December 2017. EIF will select intermediaries after a due diligence process. For questions related to the application, please contact: email@example.com
- Call for Expression of Interest
- Annex I – Expression of Interest
UPDATE TO CALL FOR EXPRESSION OF INTEREST:
The Call for Expression of Interest has been updated to reflect the following change: "Annex II (Indicative Terms and Conditions of the Guarantee), page 5: “Termination date”, subsection (iv): 31 December 2028” -> this has now been updated to 30 June 2028