EBRD and EU support access to finance for MSMEs in Bosnia and Herzegovina
Bosnia and Herzegovina, April 27 -- The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are strengthening access to finance for micro, small and medium-sized enterprises (MSMEs) in Bosnia and Herzegovina by supporting a new portfolio risk-sharing facility with ProCredit Bank d.d.The EBRD is providing an unfunded portfolio guarantee of up to €20 million, covering 50 per cent of the credit risk on a newly originated MSME loan portfolio of up to €40 million. The facility is expected to significantly expand ProCredit Bank's capacity to lend to underserved segments of the economy, from very small businesses and companies outside major urban centres to firms led by women and young entrepreneurs.The ...
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