04.26.2016

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Kosovo Credit Guarantee Fund Launched

Pristina, April 26, 2016 – The Kosovo Credit Guarantee Fund (KCGF) was launched today during a ceremony organized by the USAID|Kosovo and the Government of Kosovo. This marks the establishment of an independent, local, and sustainable institution that will issue portfolio loan guarantees to financial institutions thereby increasing access to finance for the Micro, Small, and Medium Enterprises (MSMEs) in Kosovo.

Among the main obstacles to the development of MSMEs and job creation in Kosovo is inadequate access to finance for manufacturing companies, services providers, and agricultural businesses. In addition, many of these businesses, especially the women-owned, have limited or no property that may be used as collateral for obtaining loans.

The Kosovo Credit Guarantee Fund (KCGF) will provide a guarantee for eligible business loans to qualified borrowers. KCGF, established by law in January 2016, will cover up to 50% of the risk of the loans with the aim to facilitate the private sector development and increase access to finance for MSMEs. KCGF guaranteed loans will help especially farmers, entrepreneurs, women-owned businesses, and minority-businesses to expand, increase domestic production, create jobs, and improve the national trade balance. During this event, the U.S. Ambassador to the Republic of Kosovo H.E. Greg Delawie, while stating the benefits of KCGF, highlighted that the U.S. remains committed to support Kosovo’s economic empowerment.

Efforts to capitalize the KCGF are underway with funding commitments from USAID, and other international donor agencies (KfW, SIDA) and the Government of Kosovo, through the sponsoring Ministry of Trade and Industry (MTI).

AGRIUM – SPECIAL SUCCESS STORY

AGRIUM – SPECIAL SUCCESS STORY

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KCGF signs agreement with Kreditimi Rural i Kosovës

KCGF signs agreement with Kreditimi Rural i Kosovës

Prishtinë, 15 shtator 2021 Today, at the premises of the Kosovo Credit Guarantee Fund (KCGF), was signed agreement with KRK – Kreditimi Rural i Kosovës This agreement was signed to guarantee agricultural loans within the KCGF Agro Window. This event marks the further...

KCGF signs agreements with two microfinance institutions

KCGF signs agreements with two microfinance institutions

Prishtina, 12 May 2021 - Today, at the premises of the Kosovo Credit Guarantee Fund (KCGF), the two largest Microfinance Institutions (MFIs) in terms of the volume of outstanding loans - KEP Trust and FINCA Kosovo, signed the Guarantee Agreements of agricultural loans...