Enhancing SME Access to Finance

closed

The project development objective of the Enhancing Small and Medium Enterprises (SME) Access to Finance Project is to maintain or improve access to finance for small and medium enterprises in Bosnia and Herzegovina in the context of global financial crisis. There are two components to the project: 1) the credit line component will comprise a credit line of EUR 46,972,200 to be extended through Participating Financial Institutions (PFIs) to creditworthy private enterprises for viable projects; and 2) the project management and monitoring component in the amount of EUR 408,300 will finance costs of project management, monitoring, financial management, audits and other activities related to overall project management in the Federation of Bosnia and Herzegovina. There will be EUR 300,000 of unallocated funds which will serve as a contingency for this component, and the decision on its allocation will be taken at the project's mid-term review.