The Foundation’s funding are contiuning in Southeast Europe with the granting of a first loan in local currency equivalent to 600,000 euros to the microfinance institution KosInvest in Kosovo, over a two-year period. The Foundation currently has two other partners in Kosovo.
KosInvest is a microfinance institution that aims to improve the living standards of rural communities in Kosovo through a wide range of financial products and services: business loans, agricultural credits and consumer credit. The new loan from the Foundation will allow KosInvest to strengthen its impact by supporting mainly low-income people, farmers and small and micro enterprises.
To date, KosInvest finances 2,400 clients of which 34% are women and 55% of clients live in rural areas.