KS MFI Loan KEP (IFC-40428)

Countries
  • Kosovo
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
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.
Voting Date
Feb 12, 2018
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
KEP TRUST
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.39 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 2
Converted using 2018-01-09 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 6, 2018

Disclosed by Bank Jan 9, 2018


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Project Description

This project provides financing to KEP Trust, a microfinance institution in Kosovo, for the expansion of its lending program to domestic individuals and micro and small enterprises, including micro agricultural farms and very small agri processing companies.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

KEP, formerly known as Kosovo Enterprise Program, is the largest MFI in the country. It was established as an economic program of International Catholic Migration Commission (ICMC) and Prizren Business Club in 1999, to serve the credit needs of refugees, returnees, the internally displaced and migrant people in Kosovo.

Contact Information

KEP Trust
Adrian Alo
CFO
0038338245011
aalo@keponline.net
Rr Pashko Vasa 6. 10000 Prishtine Republic of Kosovo
http://www.keptrust.org/

ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/