Serbia: IFC and Opportunity Bank Support Farmers, Micro and Small Enterprises

Date: 
10 Nov 2017

IFC, a member of the World Bank Group, is providing a RSD 775 million (approximately EUR 6.5 million equivalent) loan to Opportunity Bank Serbia (OBS) to help finance farmers, and micro and small enterprises (MSEs), so they can grow their businesses and generate new jobs. IFC is also providing advisory services to OBS on developing a digitization strategy. 

IFC’s first loan in Serbian dinars will help OBS, a leading micro and small business bank focusing on delivering financial services to rural farmers and microenterprises, further expand its portfolio. MSEs account for more than half of employment in Serbia, yet many of them, especially young farmers and young companies, are unable to obtain bank loans because of their lack of credit history. The agriculture sector is also the second largest economic contributor to the country’s GDP. 

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Country: 
Serbia