Supporting micro enterprises in Montenegro
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Approval date
5 April 2025
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Borrower
MFI Alter Modus D.O.O
- Country
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Loan size
€ 10 000 000
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Line of action
Supporting Jobs and Economic and Financial Inclusion
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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.