The social development bank for Europe

Horizonti #2 – Support financial and social inclusion in North Macedonia through microcredit

  • Approval date

    17 November 2023

  • Borrower

    Microcredit Foundation Horizonti

  • Country

    North Macedonia

  • Loan size

    € 2 000 000

  • Line of action

    Supporting Jobs and Economic and Financial Inclusion

  • Status

    In progress

The Programme loan will part-finance Horizonti's lending activities to micro enterprises in the sectors of agriculture, retail and manufacture to help new or existing micro-entrepreneurs and farmers throughout North Macedonia to set up or expand existing activities. The Borrower expects that at least 80% of end-borrowers will be female entrepreneurs and that at least 20% of the loan proceeds will be allocated to Roma micro-entrepreneurs.

Final beneficiaries: Low-income entrepreneurs and farmers, including women, Roma and people living in disadvantaged urban and rural areas.