Project detail - FONDI BESA JSC

FONDI BESA JSC

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Who is our client

Fondi Besa is the largest microfinance institution (MFI) in Albania supporting approximately 30,000 micro, small and medium businesses. It has a wide urban and semi-urban network of more than 70 branches throughout the country. The average loan size equals EUR 1,500. Its clients mainly operate in the service (37 percent) and trade sector (35 percent). Of its portfolio, 5 percent is provided as "youth"-loans, giving young people opportunities for self-employment.

Funding objective

By providing loans for productive purposes, Fondi Besa contributes to the economic development of the country.

Why we fund this project

By supporting Fondi Besa, FMO supports inclusive finance throughout Albania.

Website client
http://www.fondibesa.com/
Region
Europe & Central Asia
Country
Albania
Sector
Financial Institutions
Signing date
8/29/2016
Total FMO financing
EUR 5.00 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
C