Horizonti #2 – Support financial and social inclusion in North Macedonia through microcredit
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Approval date
17 November 2023
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Borrower
Microcredit Foundation Horizonti
- Country
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Loan size
€ 2 000 000
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Line of action
Supporting Jobs and Economic and Financial Inclusion
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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.