Entrepreneurship and SMEs Archive

EFSE Loans EUR 5 Million to support MSE Credit Business in Armenia

Microfinance Focus Europe, 16 September 2013: The European Fund for South Eastern Europe (EFSE) – initiated by KfW Development Bank (KfW) with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the

World Bank, IFC to Assist Jordan SMEs

Microfinance Focus Europe, 16 September 2013: The World Bank signed an agreement that will aim to increase SME loans within Jordan. The project is a cooperation between the World Bank group and the International Finance Corporation (IFC). Both

EBRD to Loan $2.5M to Azerbaijani MFI

Microfinance Focus Europe, 3 September 2013: The European Bank for Reconstruction and Development (EBRD) will loan $2.5 million to Azerbaijan-based MFI Tbilisi Business Centre (TBC). The funds will go to support SMEs in the country. The Taiwan

IFC Partners with Ohridska Banka to Assist Small Businesses in Macedonia

Microfinance Focus Europe, 2 September 2013: The IFC has partnered with Ohridska Banka to assist small businesses in the Southeast European country of Macedonia. Under the agreement between the two institutions, the IFC has extended $10 million

BCRS to Assist SMEs in Wolverhampton, UK

Microfinance Focus Europe, 19 August 2013: The Black Country Reinvestment Society (BCRS) and the Wolverhampton City Council have launched a new fund to assist SMEs in Wolverhampton, UK. The fund targets high-growth SMEs who are currently encountering

EBRD Announces Pending ぎ20M Loan for BaltCap Private Equity Fund

Microfinance Focus, 16 August 2013: The European Bank for Reconstruction and Development (EBRD) is awaiting the approval of a ぎ20m loan for the BaltCap Private Equity Fund. The Baltcap Private Equity Fund II would be used for equity related

IFC Provides $40M to Turkey冱 Fibabanka for SME Services

Microfinance Focus Europe, 14 August 2013: IFC provided $40 million in subordinated loans to assist Turkey冱 Fibabanka bank in its SME lending. The loan, which will take on a ten-year term, seeks to expand the amount of

FMO Loans ぎ20M to Serbia冱 Komercijalna Bank for SME Development

Microfinance Focus Europe, 12 August 2013: Dutch development bank FMO recently loaned ぎ20 million to Komercijalna Bank in Serbia seeking to stimulate local small and medium-sized enterprises (SMEs). Founded in 1960, Komercijalna Bank currently has 250 branches and

DEG Supports Turkish Agriculture

Microfinance Focus Europe, 8 August 2013: Deutsche Investitions – und Entwicklungsgesellschaft mbH (DEG), a subsidiary of KfW, is subscribing for bonds totaling 90 million Turkish lira (36 million euro) issued by DenizBank, one of Turkey’s leading commercial

Italian SME Revolutionizing Electric Car Industry

Microfinance Focus Europe, 5 August 2013: Interactive Fully Electrical Vehicles, an Italian SME, is pushing the innovation of the electric car in Europe. With the funding of almost ぎ2.8m from the European Commission and assistance from researchers