Job creation in North Macedonian MSMEs
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Approval date
17 November 2023
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Borrower
Development Bank of North Macedonia
- Country
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Loan size
€ 50 000 000
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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 allow the Borrower to partially finance, through accredited commercial banks (under an apex arrangement), investments in fixed assets and equipment as well as working capital needs, in order to support business activities mainly in the wholesale and retail trade, services and agri-food processing sectors. The Borrower intends to allocate a minimum of 20% of CEB funds to women entrepreneurs and women-led businesses.
Final beneficiaries: Employees of small and medium-sized enterprises and the unemployed.