Guarantees for financial institutions
Coverage of up to 80% of the amount of
credit of MSMEs.
Mil € GUARANTEED LOANS
Mil € APPROVED GUARANTEES
LOANS UNTIL NOW
The Kosovo Credit Guarantee Fund (KCGF) is a local, independent, sustainable credit guarantee facility issuing portfolio loan guarantees to financial institutions to cover up to 50% of the risk for loans to micro, small, and medium enterprises (MSMEs).
The KCGF was established in January 2016 under the Law on the Establishment of the Kosovo Credit Guarantee Fund. The aim of the KCGF is to support the private sector in Kosovo by increased access to finance for MSMEs, thereby creating jobs, increasing local production, improving the trade balance and enhancing opportunities for underserved economic sectors.
The establishing Law of the KCGF was initiated by the Ministry of Trade and Industry, and its development was supported by USAID Kosovo, through the EMPOWER Credit Support (ECS) Program. The Law entered into force on January 23, 2016.
MISSION
The Kosovo Credit Guarantee Fund is anindependent, development orientated legal entity that provides credit guarantees for MSMEs, by sharing the credit risk with financial institutions.
By guaranteeing the credit portfolios of financial institutions we aim to enhance access to finance for MSMEs, support entrepreneurship development, support domestic production and services that create an added value, create new jobs and support overall economic development.
We are committed to sustainable corporate management and the social responsibility that comes with it. Coordinating activities with our partners – donors, financial institutions and local regulators – we strive to serve the long-term economic interests of the country, the business community and our wider society.
ADDITIONALITY
Additionality is the foundation of the FKGK. It means that a bank, MFI, or NBFI would not have made a loan to an MSME without the guarantee in place – hence the “addition” of a new client, adding to economic growth.
The FKGK will achieve additionality by stimulating new lending to target groups, resulting in an estimated increased number of new loans, more money in economy, and job creation.
GUARANTEE
LINES
Guarantees to financial institutions to cover the credit risk to micro, small and medium enterprises (MSMEs).
REGULAR WINDOW
AGRO WINDOW
ECONOMIC RECOVERY PACKAGE
COSME
ELIGIBLE MSME
Requirements for MSMEs to qualify for financing under the guarantee include, but not limited to:
Privately owned MSMEs, with no government ownership during the period of the credit guarantee coverage.
MSMEs that have business registration and fiscal numbers.
An eligible borrower must be at least (50%) owned by private citizens or permanent residents of Kosovo, (50%) në pronësi të qytetarëve privatë ose banorëve të përhershëm të Kosovës.
MSMEs that have less than 250 employees,
Private micro, small and medium enterprises (MSMEs), as defined in the LKCGF, which are not prohibited by applicable legislation, regulatory provisions, or international treaties to which Kosovo is a party.
An eligible borrower includes any related party of the borrower in question, as defined in the LKCGF.
NEWS
KCGF and MFK build renewables financing with blended finance approach
Pristina, 3 October 2019 - “This is a decisive step towards better financing for renewable energy in Kosovo and a chance for our country to build expertise in project finance, which will unlock new capital across a variety of sectors” – says Petrit Selimi, CEO of...
Kosovo Credit Guarantee Fund starts with the implementation of the COSME Program
Pristina, 16 September 2019 – Kosovo Credit Guarantee Fund (KCGF), has begun implementing the agreement signed on May 16, 2019 with the European Investment Fund (EIF) regarding the European Union’s MSME Support COSME Program. The support of the KCGF guaranteed...
The agreement between the Kosovo Credit Guarantee Fund and the European Investment Fund is signed
Prishtina, May , 2019 - On the third anniversary of its establishment, the Kosovo Credit Guarantee Fund (KCGF) and the European Investment Fund (EIF), part of the European Investment Bank (EIB), sign the COSME Guarantee Agreement for the support small and medium...
PARTNERS
To achieve the objectives and goals, KCGF cooperates with financial institutions (Banks, MFIs, NBFI), Donors, the Kosovo Government, the Central Bank and the MSME community.
