Foundation grants first loan to KosInvest in Kosovo
The Foundation's funding efforts in Eastern Europe continued with the approval of an initial loan in local currency equivalent to €600,000 to the microfinance institution KosInvest in Kosovo, over a period of two years. 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 credit, and consumer credit. The new loan granted by the Foundation will enable KosInvest to strengthen its impact by primarily supporting low-income individuals, farmers, and small and microenterprises.
To date, KosInvest finances 2,400 clients, including 34% women and 55% clients living in rural areas.
