04.26.2016

Share:

 
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).

KCGF signs the Agreement with The Agency of Finance in Kosovo ( AFK).

KCGF signs the Agreement with The Agency of Finance in Kosovo ( AFK).

Today, in the premises of the Kosovo Credit Guarantee Fund (KCGF), was signed the Credit Guarantee Agreement with AFK - The Agency of Finance in Kosovo , to guarantee agricultural loans within the KCGF Agro Window. This event marks the further expansion of the...

NATYRA G – House of cheese

NATYRA G – House of cheese

On our way from Prishtina to Ferizaj, going through the old road, not far from the entrance to Ferizaj, in the place called Prelez i Muhaxherëve, among the many businesses there, we visited the NAYRA-G Cheese House. Shemsija, a smiling lady, full of energy, welcomed...

MOEA FRUTOMANIA – A little bottle with big love

MOEA FRUTOMANIA – A little bottle with big love

It is always a pleasure when we visit a local business, the one with all its capacities takes care to offer quality and completely natural products. The factory we visited was established in 2006. Since then, the main idea and the goal has been the cultivation,...