EBRD funds small businesses in Bosnia
The European Bank for Reconstruction and Development is providing a EUR 3 million loan to Mikrokreditna Fondacija Mi-Bospo Tuzla to support, with sub-loans, various micro and small businesses, especially enterprises run by women and active in the agribusiness sector Bosnia and Herzegovina, the EBRD said.
Photo by Tashatuvango/Shutterstock.com
Mi-Bospo is the fourth-largest microfinance institution in Bosnia and Herzegovina and was established as a World Bank pilot project in 1996.
The EBRD funds will allow Mi-Bospo to expand and provide more finance to local and regional businesses with growth potential.
Access to finance remains an obstacle for many small firms in Bosnia and Herzegovina despite the fact that they form the backbone of the country’s economy, the EBRD said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.