European Fund for South East Europe (EFSE)

Promoter – Financial Intermediary

Kreditanstalt für Wiederaufbau (KfW), Frankfurt     Contact point:

Monika  Beck

Palmengartenstraße 5-9

60325 Frankfurt Germany Tel: +49 (-69) -7431 4069

Location

• Bosnia and Herzegovina
• North Macedonia
• Serbia
• Bulgaria
• Montenegro
• Romania
• Albania

Description

The fund provides financing to micro and small scale enterprises, rural and housing loans through qualified financial intermediaries.

Objectives

The objective of the fund is to provide development finance in the South East European region, through the local financial sector, focusing on the needs of Micro and Small Enterprises.

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

Up to EUR 25 million.

Total cost (Approximate amount)

Around EUR 600 million.

Environmental aspects

To be in accordance with the relevant EU legislation.

Procurement

To be in accordance with the relevant EU legislation, including, where required, publication of tender notices in the EU Official Journal, as and where appropriate.

Status

Signed - 30/11/2007