SIX YEARS SINCE THE APPROVAL OF THE FIRST LOAN GUARANTEE
The Kosovo Credit Guarantee Fund (KCGF) is pleased to announce that it has been six years since the first credit guarantees were approved. Through loan guarantee, the Fund has improved the performance of MSMEs with investments made by guaranteed loans. It has facilitated access to finance by helping development of the economy through business development, creativity, and innovation.
The Kosovo Credit Guarantee Fund welcomes cooperation with financial institutions in Kosovo and proudly takes its place as a significant factor in economic development in the Republic of Kosovo.
KCGF portfolio within these six years has reached the cumulative value of approved loans at 252,7million euros, while the value guaranteed by the Kosovo Credit Guarantee Fund has reached 471,8 million euros distributed in 11,500 loans.
The achievements of the Kosovo Credit Guarantee Fund during these years are numerous, but the successful implementation of the guarantee windows within the Economic Recovery Package, has shown to be one of the most necessary measures within the general program by the Government of the Republic of Kosovo in combating the negative impact of the COVID-19 Pandemic. During these years, capital has increased to around 55 million euros,marking another achievement as a result of hardwork, professionalism and trust that was built by the donors.
The Kosovo Credit Guarantee Fund uses this opportunity to thank all donors (Usaid; Government of Kosovo and KfW German Development Bank) as well as many partners. We proudly emphasise that KCGF is significant factor in economic development in the Republic of Kosovo.