Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Bosnia and Herzegovina
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Bank Risk Rating: C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-08-17
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: EKI
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 5.87 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 5.00 MLN
Converted using 2017-08-17 exchange rate.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-10-27
MIKROKREDITNO DRUSTVO EKI D.O.O.
FMO-52251

Project Description
This project provides long-term funding to EKI, a microfinance institution focusing on the agricultural sector. EKI provides financial services to low-income people, and around 40% of their clients are women.
Investment Description
EKI is one of the leading microfinance institutions in Bosnia & Herzegovina and has a focus on the agricultural sector. The country is still struggling with war-torn past in 90s and complicated system of government. EKI's mission is to provide the right financial services to low-income people and ca. 40% of EKI clients are women. The goal is to enable economic independence of those groups.
Contact Information
*No contacts available at time of disclosure*