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GAFSP Helps Boost Access to Finance for Small Businesses and Farmers in Kosovo


In Kosovo, access to finance for farmers and small and micro enterprises in the country’s agricultural sector is limited as financial institutions increasingly move out of the small and micro loan segment. Fifteen of the country’s seventeen microfinance institutions (MFIs) operate under NGO status and are not permitted to convert into companies. This inhibits growth as MFIs are not sufficiently capitalized, with low appetite from lenders to fund NGOs.


KEP Trust (KEP) is Kosovo’s largest MFI, with a market share of 25 percent by loan portfolio. KEP focuses on small entrepreneurs and farmers, who often face challenges when trying to secure funds from commercial banks. 

IFC and GAFSP will provide a blended finance package of €2 million to KEP Trust to increase to increase lending to smaller businesses and farmers in Kosovo, fostering growth and job creation. The investment comprises a €1.4 million loan from IFC’s own account and a €0.6 million loan from IFC, as the implementing entity for the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP).





Focus area

  • Access to Finance
  • Fragility

Supervising entity



The joint IFC/GAFSP investment in KEP Trust will enhance the ability of MFIs to increase access to finance for farmers and micro agri-processing companies across Kosovo, resulting in improved livelihoods and food security.


Mr. Niraj Shah
Head, GAFSP Private Sector Window
Washington, DC 
Tel: 202 473 3743

Photo: © World Bank

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The Global Agriculture & Food Security Program (GAFSP) is dedicated to fighting hunger, malnutrition, and poverty in low-income countries by supporting resilient and sustainable agricultural systems that benefit and empower poor and vulnerable smallholder farmers. Since its inception in 2010, GAFSP has received contributions totaling $1.7 billion from Australia, the Bill & Melinda Gates Foundation, Canada, Germany, Ireland, Japan, the Netherlands, Norway, South Korea, Spain, the United Kingdom, and the United States, with funds going to countries that have strategic, innovative, and credible plans already in place to improve agricultural productivity and food security.

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