Over 800 businesses benefit from the Loan Guarantee Fund

Over 800 businesses benefit from the Loan Guarantee Fund
Over 800 businesses, the majority of which operate in the sector of trade, have benefited from the Kosovo Loan Guarantee Fund, a fund which has been established in January 2016.

The Fund is an independent institution which guarantees financial institutions in covering loan risks for micro, small and medium sized enterprises.

This Fund has also been assisted by powerful donors as the USA and EU member countries.

The managing director of this Fund, Besnik Berisha says that from 2016 until January of this year, the number of businesses which have benefited from this fund was 833.

Over 40% of those businesses which have benefited from this fund operate in wholesale and retail sale, 26% operate in the service sector, 20% operate in the production sector, followed by businesses operating in agriculture.

Agim Shahini, head of the Kosovo Business Alliance says that the Fund’s financial value needs to grow, but the demands of the business sector must also grow.

“I think this is a good start, but the Fund needs to grow alongside the demands of the business sector”, Shahini says.

Shahini also called on the institutions of Kosovo to find other forms which would help private businesses.

“I want to call on the country’s institutions to do more for the economy, for business, for the production in the country. The economy will grow if we attract these types of funds, such as different funds allocated by the European Union and other Western Balkan countries”, Shahini says. /balkaneu.com/

Share with your friends: