Bosnia Herzegovina

Financial services

Financing granted

Loan of €1,600,000 *
(equivalent in local currency)

Partner of the Foundation

since 2018
(1 loan granted)

*Outstanding amount at grant value

 

Partner website

Context:

Bosnia and Herzegovina is a fragile, relatively small transition economy open and dependent on the outside world, including the European Union. The agricultural sector accounts for 5.6% of GDP and almost 18.6% of total employment.

The Institution:

Mi-Bospo is a Tier 2 microfinance institution that offers access to credit and non financial services to individuals, and in particular to low-income women entrepreneurs in order to strengthen entrepreneurship and their economic and social status.

Impact:

Mi-Bospo offers responsible financing by applying the principles of consumer protection, which tend to play an important role in the development of female entrepreneurship. By supporting and encouraging the entrepreneurial spirit among women, MI-BOSPO strengthens families economically and influences the reduction of poverty in society.

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