Within the Framework of the European Fund for Bosnia and Herzegovina, Microfinance Foundation Partner from Tuzla and KfW signed a EUR 5 million Framework Agreement for granting individual loans to private enterprises, entrepreneurs and start – up businesses defined as a target group within this Program, announced the Embassy of Germany to BiH.
This loan facility will result in continuing support to the micro, small and medium sized sector in Bosnia and Herzegovina, resulting in growing outreach and impact of this program related to job creation and access to finance for MSME sector in the whole country, especially in rural areas and for clients with limited access to finance.
Microfinance Foundation Partner is one of the most successful microfinance foundations in Bosnia and Herzegovina with over 15 years of experience in microfinance. With its 53 offices, MCF Partner a covers large geographical area in the whole country. At the local microfinance market, Partner is one of the largest microfinance institutions currently serving over 36.000 clients, mostly from rural areas.
KfW is one of the world’s leading and most experienced promotional banks. Established in 1948 as a public law institution, KfW is owned 80 per cent by the Federal Republic of Germany and 20 per cent by the federal states (“Länder”).
KfW Development Bank is Germany’s leading development bank and an integral part of KfW. It carries out Germany’s Financial Cooperation (FC) with developing and transition countries on behalf of the Federal Government. The 600 staff at headquarters and about 200 specialists in its 69 local offices cooperate with partners all over the world. Its goal is to combat poverty, secure peace, protect the environment and the climate and make globalisation fair. KfW is a competent and strategic advisor on current development issues.
