12.06.2017

Share:

 
Guarantee Agreement of 10 Million EURO has been signed

Prishtinë, 6 December 2017 – The Kosovo Credit Guarantee Fund (FKGK) signed the Guarantee Agreement with the Swedish International Development Cooperation Agency (Sida), represented by the Embassy of Sweden in Pristina.

During the event the Head of Mission of the Embassy of Sweden in the Republic of Kosovo, Mr. Wollter stressed: “To many, a re-guarantee facility may look like something very technical. But the tangible effect will be more business and employment. In our experience, this is a great way to create new opportunities for small and medium sized companies, including young entrepreneurs, women and minorities.”

Further, the US Ambassador underlined “Day after day in Kosovo I meet young entrepreneurs and business owners who just need a level playing field and that first, critical jump start to spur them on. Today, with the contributions from Sweden and Germany, many more jump starts will be realized. It’s a great day for the Kosovo Credit Guarantee Fund, and for all those ready to make their mark on Kosovo’s economy.”

This event marks another milestone that makes the Kosovo Credit Guarantee Fund stronger as a financial institution and more influential towards the economic development of Kosovo.

The support of the guaranteed portfolio of KCGF by Sida, will further enhance the ability of the Fund to ensure a higher level of credit guarantees, while at the same time increasing the financial sustainability of the sector. The sustainability will reflect the facilitation of financial intermediation hence increase of access to finance of micro, small and medium size enterprises, in order to promote economic growth and job creation for woman, man and youth of all ethnicities in Kosovo.

The total amount of loans approved by the banks that have been filed under the guarantee coverage has already reached 26.2 Million EURO distributed to 677 loans, while the investments made with these loans have promised 1101 new jobs.

6th Anniversary – Approval of the First Loan Guarantee

6th Anniversary – Approval of the First Loan Guarantee

  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...

KCGF attended the biggest AECM Annual Event

KCGF attended the biggest AECM Annual Event

KCGF attended the biggest AECM Annual Event The  AECM - European Association of Guarantee Institutions biggest Annual Event was held in Vienna  on 14-17 September 2022. The representing team from KCGF consisting of: Rinor Gjonbalaj- Chairman of the Board; Besnik...

METAL IN Sh.p.k  – Solar pannels – A SMART INVESTMENT

METAL IN Sh.p.k – Solar pannels – A SMART INVESTMENT

METAL IN SOLAR PANNELS - A SMART INVESTMENT Metal manufacturing is a difficult industry, we witnessed on site when visited the factory with over 25 workers, numerous machines for the iron processing; altering them into metal wires, as a ready product for market needs....