Kosovo Credit Guarantee Fund (KCGF) signed a guarantee agreement with the BPB Bank Kosovo, which will enable the bank to obtain additional collateral security for loans issued to very small, small, and medium enterprises (MSMEs) with less than 250 employees.
What is the procedure for businesses to benefit from it? Businesses will apply for a loan at a bank as usual, going through the bank’s procedures. If the value of the prospective borrower’s mortgage/collateral is not sufficient or other terms are not fully met, the bank may decide to qualify the business and issue the loan, using the KCGF guarantee. Businesses will not approach the KCGF to request the guarantee.