Original disclosure @ IFC website
Updated in EWS Apr 24, 2023
Disclosed by Bank Apr 5, 2023
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The proposed investment is an IFC senior debt investment of up to EUR 9 million to KEP Trust, a leading microfinance institution in Kosovo. The investment will be shared equally between IFC’s own account and concessional financing provided by the Global Agriculture & Food Security Program. The proceeds from the proposed investment will be used for on-lending to individual entrepreneurs and micro-businesses in Kosovo, including smallholder farmers, microenterprises, women-owned small businesses and entrepreneurs operating in the agriculture sector and underserved rural areas.
The IFC categorized the project as FI-3.
From the IFC's website:
KEP Trust was founded as an economic program in September 1999 by the International Catholic Migration Commission (ICMC), the main founder, and by the Prizren Business Club (PRB). ICMC is a registered non-profit organization established in 1951 in the wake of the massive displacement during World War II. PRB is a business association established in 1991 in Prizren, Kosovo.
KEP offers financial services both to micro and small entrepreneurs and to marginalized and underprivileged groups in the community. Since first established, KEP has targeted the economically active poor and low-income groups who have the capacity for self-employment. The MFI has 245 employees serving over 27,000 customers via the head office and country wide.
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Financial Intermediary - KEP Trust:
Address: Rr. "Pashko Vasa" nr. 6, Lagjja Pejton, 10000 Prishtinë, Kosovë
Phone: +383 (0) 38 722 733 / +383 (0) 49 881 881
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