IFC and TEB Expand Partnership to Support Kosovo’s Women-Owned and Agribusiness SMEs
IFC, a member of the World Bank Group, has established a EUR 10 million risk-sharing facility with TEB Sh.A., one of Kosovo’s largest banks, to support small and medium enterprises (SMEs), in particular women-owned SMEs and those operating in agribusiness sector.
The facility has been provided under IFC’s Small Loan Guarantee Program (SLGP), a programmatic approach to risk-sharing that aims to strengthen the capacity of financial institutions to finance SMEs in low-income countries. SLGP uses a pooled first-loss structure provided by International Development Association’s (IDA) Private Sector Window Blended Finance Facility. In addition, the Women Entrepreneurs Finance Initiative (We-Fi) is providing performance-based incentives up to $281,000 to support lending by TEB Sh.A. to women-owned SMEs.