According to FMO website, KrK has a clear rural focus with a large agricultural portfolio (>50 percent). Loans are predominately provided in economically disadvantaged communities to small farmers and entrepreneurs and the portfolio is devoted to micro-financing activities. KrK provides high quality services and loans for productive purposes, the institution contributes to the economic development of the country, especially considering the high unemployment rate. Land-locked in the Balkans and affected by recent war, Kosovo is the poorest nation in Europe, with a GDP per capita of US$8,000. By supporting KrK, FMO contributes access of finance to micro-entrepreneurs.
Kreditimi Rural i Kosoves (KrK) is a microfinance institution in Kosovo offering tailored loan products to farmers, traders, and micro and small businesses in rural areas. KrK is an existing client in which FMO invested equity. Over the last few years KrK has demonstrated an improving performance which FMO wishes to support with a new loan facility.
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/