EBRD and Sweden support women entrepreneurs in Kosovo
The European Bank for Reconstruction and Development is extending EUR 3 million in funding to Kreditimi Rural i Kosoves (KRK), a microfinance institution in Kosovo, the EBRD announced Wednesday.
The financing, which Sweden is backing with grants and technical assistance, will support investments by women entrepreneurs and small businesses.
As part of this funding, a EUR 1 million loan for businesses run or owned by women is being extended under the EBRD's Women in Business program, which promotes women's entrepreneurship and their participation in business more broadly by providing them with access to finance and know-how.
Since its launch in the Western Balkans in 2014, the program has provided more than EUR 57 million in credit lines, reaching more than 4,800 women-led micro, small and medium-sized enterprises (MSME's) across the region to provide access to finance, advisory services, training, mentoring and network-building activities, according to the EBRD.
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