Project detail - PARTNER MIKROKREDITNA FONDACIJA

PARTNER MIKROKREDITNA FONDACIJA

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Who is our client

Partner is one of the leading Microfinance Institutions in Bosnia and Herzegovina and has a focus on the agricultural sector. Partner's mission is to provide appropriate financial services to economically active, low-income people that can use them to generate profit. The goal is to make it possible for such people to become economically independent.

Funding objective

By supporting Partner, FMO helps facilitate access to finance for micro entrepreneurs, mainly in the agricultural sector. By providing finance to micro clients, Partner promotes economic growth amongst the low-income population in a country with an unemployment rate of 25 percent. These small entrepreneurs have an average loan portfolio of EUR 1.250.

Why we fund this project

By providing long-term finance to an institution operating in Bosnia and Herzegovina, FMO enables Partner to continue promoting access to finance for micro entrepreneurs. With its focus on micro clients in the agricultural sector, Partner promotes inclusive finance.

Website client
http://www.partner.ba
Region
Europe & Central Asia
Country
Bosnia and Herzegovina
Sector
Financial Institutions
Signing date
12/1/2016
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