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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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Launched in 2010, the Global Agriculture & Food Security Program (GAFSP) represents a transformative approach to development aid that pools donor funds to make lasting improvements by supporting technically sound, country-led plans and sustainable, inclusive small- and medium-sized enterprises. The inaugural donors—Bill & Melinda Gates Foundation, Canada, the Republic of Korea, Spain, and the United States—were soon joined by Australia, Germany, Ireland, Japan, the Netherlands, and the United Kingdom. GAFSP’s donors work in partnership with recipients, civil society organizations, and other stakeholders to improve the lives of smallholder farmers and their families. Millions of poor and vulnerable people around the world will directly benefit from GAFSP’s continued commitment and support. GAFSP looks to engage other donors and stakeholders in this important initiative.

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