The social development bank for Europe

Supporting micro enterprises in Montenegro

  • Approval date

    5 April 2025

  • Borrower

    MFI Alter Modus D.O.O

  • Country

    Montenegro

  • Loan size

    € 10 000 000

  • Line of action

    Supporting Jobs and Economic and Financial Inclusion

  • Status

    In progress

A Programme loan to co-finance the borrower’s loan portfolio aimed at supporting entrepreneurs and micro-enterprises in Montenegro by reaching underbanked segments of the population who lack collateral and/or sufficient formal income stream. The CEB loan will partially finance a loan product designed to assist micro and small enterprises and entrepreneurs in acquiring fixed assets, working capital and meeting other business needs.

Final beneficiaries: Micro-entrepreneurs, microenterprises and farmers.