This loan was granted to Sparkasse Leasing d.o.o. Sarajevo under the Competitiveness Support Programme - Western Balkans ("CSP-WB").
This transaction will support the aim of the programme to: (i) improve SMEs' access to finance in order to go beyond their normal operations and allow them to invest additional resources to introduce EU standards through the provision of financing and investment incentives; and (ii) increase the awareness and knowledge of SMEs about the benefits of compliance with EU standards. The loan is envisaged to provide financing to sub-borrowers for investments in vehicles and equipment that is designed to improve compliance with one or more of the EU Directives in the field of environmental protection, workers' safety and product quality and safety. More specifically, sub-borrowers will use funds to lease trucks, semi-trailers, cold storage units, construction machines, and hybrid vehicles. At least 60% of the use of proceeds will be related to GET investments.
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