EFSE Extends its Partnership with Agricover Credit to Support Agricultural Businesses in Romania

Date: 
23 Dec 2014
The European Fund for Southeast Europe (EFSE) and Agricover Credit IFN SA (Agricover Credit) extended their partnership with a new EUR 7 million senior loan. This credit facility will enable Agricover Credit to provide tailored financing to support the further development of agricultural businesses in Romania. With this new loan Agricover Credit will be able to continue on its dynamic growth trajectory whilst reaching out to underbanked agricultural businesses and farmers throughout Romania. 
 
“As Agricover Credit executes its strategy of extending activities to new client segments, the institution will further consolidate its market position and achieve an even better outreach to the underserved MSEs. We are thus confident that Agricover Credit’s strategy will substantially support our mission in Romania," said Monika Beck, Chairperson of the Board of EFSE. “Our ongoing collaboration with the European Fund for Southeast Europe (EFSE) allows us to provide more loans to the farmers, support investments, and bring value to the Romanian agricultural sector as a whole,” said Robert Rekkers, General Manager Agricover Credit IFN.
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Country: 
Romania