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EBRD Lends 8.0 Mln Euro to Bosnia's Partner Microcredit Foundation


29.6.2012 15:25:00 | Author/Source www.seenews.com

The European Bank for Reconstruction and Development (EBRD) said on Friday it is providing a loan of 8.0 million euro ($10.1 million) to Bosnia's Partner Microcredit Foundation for on-lending to micro and small enterprises (MSEs).

The EBRD financing will enable Partner Microcredit Foundation to expand its operations and will contribute to increasing the availability of funding for MSE borrowers, with sub-loans of up to 10,000 marka ($6,500/5,100 euro), the multilateral lender said in a statement.


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