WOMEN IN BUSINESS WINDOW

ProCredit Bank signed a cooperation agreement with the Kosovo Credit Guarantee Fund (KCGF) for a credit guarantee that aims to facilitate access to finance for women entrepreneurs and to advance their financial literacy. It is expected that such support will impact the financial security and empowerment and financial independence of women.

WHICH BUSINESSES ARE QUALIFIED? 

The parameters for SMEs to be qualified for financing under this guarantee include but are not limited to:

• SMEs that are privately owned, without any Government ownership during the loan period covered by the guarantee,
• SMEs under the ownership or co-ownership of at least one woman or managed by at least one woman in an executive position,
• SMEs that are registered as a business,
• A qualified creditor/business should be owned by at least one permanent woman resident of Kosovo,
• SMEs with less than 250 employees.

WHICH LOANS CAN BENEFIT FROM THE WOMEN IN BUSINESS WINDOW? 

Qualified loans that meet the criteria below shall be eligible for the benefits of the Women in Business Window:

• Minimum loan amount is EUR 3,000,
• The maximum loan amount is 50,000 EUR,
• The maximum guarantee amount is 35,000 EUR,
• The maximum guaranteed loan return deadline is up to 84 months,
• The loan may be used for long-term investment and working capital.

A special feature of this window is that besides the financial component, it shall offer the non-financial component or the technical assistance program for women in business who will receive support in the aspect of:

• Capacity building (financial literacy and formalization),
• Networking, and
• Mentoring.

For more detailed information on the specifics of the Women in Business Window, please click the link: https://fondikgk.org/dritarja-grate-ne-biznes/

Apply for a loan here!

Illustrative example: