EBRD mulls loan to Kosovo’s KRK for on-lending to MSMEs
The European Bank for Reconstruction and Development said it is considering the provision of a EUR 3.0 million loan to Kosovo’s microfinance institution Kreditimi Rural i Kosoves (KRK) for on-lending to micro, small and medium-sized enterprises (MSMEs).
“The loan will support expansion of KRK’s MSME lending and extend the maturity of the entity’s liabilities,” the EBRD said in a press release.
The loan will be provided in two tranches, a first tranche of EUR 2 million and a second, uncommitted, tranche of EUR 1 million, under the Financial Intermediaries Framework (FIF), the bank said.
The loan will have a three-year tenor, consisting of up to one year of grace period and two years for principal repayment.
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