The Kosovo Credit Guarantee Fund (KCGF) and Banka Ekonomike have signed an agreement for the continuation and expansion of the GROW Window, with significantly more favorable conditions for businesses investing in energy efficiency and renewable energy production.
What changes with GROW?
- Increasing the guarantee coverage from 50% to 70%.
- Increasing the maximum credit exposure value from €5 million to €7 million.
- Increasing the maximum loan amount from €1 million to €3 million.
- Extending the loan maturity from 84 to 120 months.
- Reducing guarantee fees.
Since 2016, when Banka Ekonomike became a registered financial institution with KCGF, this partnership has enabled the disbursement of more than €77 million in loans supported by KCGF guarantees, demonstrating an important role in supporting small and medium-sized enterprises in the country.
Today’s agreement and the cooperation between the two institutions demonstrate their strong commitment to facilitating access to finance.