Bosnia and Herzegovina: EFSE, MI-BOSPO to Fund Micro Enterprises

28 Jul 2017

The European Fund for Southeast Europe (EFSE) has expanded its partnership with MI-BOSPO by providing the non-profit financial institution with a EUR 2 million senior loan to support the development of micro enterprises in Bosnia and Herzegovina, with half of the funds earmarked for rural regions.

MI-BOSPO has been an EFSE partner for more than 10 years and has used the resulting financing for nearly 16,000 sub-loans to rural businesses and micro and small enterprises (MSEs). The most recent EFSE investment is expected to fund more than 3,000 loans to MSEs, many of which have had difficulty securing financing through more traditional channels.   

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