WB EDIF GF – managed by the EIF - provides guarantees to financial or credit institutions, guarantee schemes including mutual guarantee organisations, micro-finance institutions and any other financial institution - subject to fulfilling certain criteria - established and operating in one or several Western Balkan countries (Albania, Bosnia and Herzegovina, former Yugoslav Republic of Macedonia, Kosovo (i), Montenegro and Serbia) to encourage them to build up new portfolios of SME loans and thereby improving access to finance to SMEs in the region.
Activities carried-out by SMEs should not breach ethical principles or focus on one or more EIF restricted sectors.
The key benefit is that EIF is taking part of the risk which will enable the financial intermediaries to increase its loan volumes, gain new customers and enter into new market segments.
WB EDIF GF provides First Loss Portfolio Guarantees (FLPG) of SME loans to any financial institution committed to SME financing established and operating in one or several Western Balkans participating Countries, thus allowing them to increase their lending to SMEs by covering part of the risk of such SME loans.
The Calls for Expression of Interest under the Guarantee Facility and the Guarantee Facility II are now closed.