Call for Expression of Interest Western Balkans Enterprise Development & Innovation Facility Guarantee Facility
Within the Western Balkan Enterprise Development and Innovation Facility Guarantee Facility (WB EDIF GA), EIF has launched an open Call for Expression of Interest to which interested financial institutions can apply if they fulfill certain established criteria, including financial standing, financing capacity, operational capabilities, and expected impact, including in terms of volumes and geographic reach. The EIF will then select intermediaries after carrying out a detailed due diligence based on these criteria. Following approval by the competent organs, EIF will set up contractual arrangements with the selected intermediaries.
WB EDIF GF shall be available for financial or credit institutions, guarantee schemes including mutual guarantee organizations, micro-finance institutions, and any other financial institution committed to SME financing established and operating in one or several Western Balkans participating Countries, such as: Albania, Bosnia and Herzegovina, Croatia, FYR Macedonia, Montenegro and Serbia.
The WB EDIF Guarantee Facility will provide First Loss Portfolio Guarantees (FLPG) of SME loans to any financial institution committed to SME financing established and operating in one or several Western Balkans participating Countries, thus allowing them to increase their lending to SMEs by covering part of the risk of such SME loans.
Financial Intermediaries interested in SME loan portfolio guarantees or counter-guarantees under the WB EDIF Guarantee Facility, are invited to send an application in response to the open Call for Expression of Interest which contains detailed information on the specific application requirements and procedures. Interested intermediaries can also contact EIF directly for further assistance at email@example.com
More information on www.innovationfund.rs.