FKGK and Banka Ekonomike Expand and Improve the Features of the GROW Window
The Kosovo Credit Guarantee Fund (KCGF) and Banka Ekonomike reaffirmed today their long-standing partnership through the signing of a new agreement that ensures the continuation and expansion of the credit guarantee scheme “Green Recovery and Opportunities Window – GROW,” now with significantly more favorable conditions for businesses.
As part of the joint efforts to support investments in energy efficiency (EE) and renewable energy (RE), the changes to the window include:
- Increasing the guarantee coverage from 50% to 70%.
- Raising the maximum credit exposure limit from €5 million to €7 million.
- Increasing the maximum loan amount from €1 million to €3 million.
- Extending the loan maturity from 84 to 120 months.
- Reducing guarantee fees.
Since 2016, when Banka Ekonomike became a registered financial institution with KCGF, this partnership has enabled the disbursement of more than €77 million in loans supported by KCGF guarantees, demonstrating a crucial role in supporting small and medium-sized enterprises in the country. Today’s agreement highlights the commitment of both institutions to further facilitating access to finance.
