12/28/2013 | 04:50am US/Eastern
![]()
Recommend:
WASHINGTON, Dec. 27 — The U.S. Agency for International Development issued the following fact sheet:
The Development Credit Authority (DCA) increases access to credit for the agricultural sector and business startups by providing a 50% risk guarantee on loans extended by three banks: 1) TEB Bank, 2) Raiffeisen Bank, and 3) Banka Ekonomike.
The DCA agreements are structured as follows:
- TEB Bank is provided a 50% guarantee when extending loans to the agriculture sector in Kosovo. The DCA covers 50% of losses incurred on a portfolio of loans up to a maximum value of $2,500,000. Individual loans posted under the guarantee are limited to $300,000.
- Raiffeisen Bank (RBKO) and Banka Ekonomike (BE) are provided a ‘shared’ DCA guarantee on loans extended to business start-ups, defined as enterprises registered for less than 24 months. The DCA covers 50% of losses incurred on a combined portfolio of up to $2,075,240. Each bank is designated a maximum portfolio ceiling of $1,037,620. However, if one of the banks does not lend to the maximum ceiling, the unused portion can shift to the other bank so that full utilization of the DCA is achieved. Individual loans posted under the guarantee may not exceed $75,000.
USAID/Kosovo developed a loan portfolio guarantee to increase access to finance for micro, small, and medium enterprises in agricultural value chains, and loans to business startups. These DCA guarantees give banks the incentive to lend to business startups and agribusinesses, especially young entrepreneurs and farmers, who would otherwise find it difficult or impossible to obtain financing. They also assist Kosovo’s financial sector to introduce new products tailored to meet the needs of start-ups and agricultural businesses. Support for these developing businesses demonstrates that these sectors can be profitable.
Results:
* DCA for business startups with RBKO and BE utilized by 8% with a total of 8 loans
* DCA for agriculture with TEB banks utilized by 70% with a total of 249 loans and an average loan size of $ 7,000
Project Duration: September 2011 – September 2018
USAID Contact: Besa Ilazi
Partners: TEB Bank, Banka Ekonomike and Raiffeisen Bank.
30BautistaJude 131228-4589512 30BautistaJude
© Acquiremedia 2013
Recommend :
This entry passed through the Full-Text RSS service — if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.
Raiffeisen Bank International AG : Development Credit Authority – Loan … – 4-traders (press release)
loan credit – Google News
Related Posts:
Petrocommerce KB OAO : Bank Petrocommerce Boosts SME Loan… November 14, 2013 [flickr_feed template="default" count=1 text="finance"] In the first 9 months 2013, the SME loan portfolio of Bank Petrocommerce increased by 245% to RUB 7.4 bln. Therefore, according to Expert RA, Petrocommerce became the most dynamically growing bank in the SME segment. The number of borrowers doubled as compared with the beginning of the year and exceeded 1,200. Strict requirements to the borrowers' business, a smooth underwriting and monitoring system enable the Bank to sustain a very high level of the SME loan book - in 3Q 2013, overdue loans accounted for 0.03%. The share of loans…
Petrocommerce KB OAO : Bank Petrocommerce Boosts SME Loan… November 14, 2013 In the first 9 months 2013, the SME loan portfolio of Bank Petrocommerce increased by 245% to RUB 7.4 bln. Therefore, according to Expert RA, Petrocommerce became the most dynamically growing bank in the SME segment. The number of borrowers doubled as compared with the beginning of the year and exceeded 1,200. Strict requirements to the borrowers’ business, a smooth underwriting and monitoring system enable the Bank to sustain a very high level of the SME loan book - in 3Q 2013, overdue loans accounted for 0.03%. The share of loans to SMEs in the total loan…
Four PSU banks face scrutiny for fall in agriculture credit… October 28, 2013 [flickr_feed template="default" count=1 text="credit"] MUMBAI: Four public sector banks may come under the finance ministry's scrutiny for reporting a fall in credit to agriculture, designated as a priority sector for lending by the Reserve Bank of India.According to a presentation given by state-run banks to finance minister P Chidambaram on October 22, share of farm loans by Central Bank of India, Indian Overseas Bank, Oriental Bank of Commerce and Punjab National Bank fell between 0.24%…
Yes Bank Limited : YES BANK raises USD 150 million Long Term December 23, 2013 Mumbai, December 23, 2013:: YES BANK, India’s fourth largest private sector Bank, has raised USD 150 million from IFC, Washington a member of the World Bank Group, for tenor of up to 7 years. The loan will be used by YES BANK to scale up its small and medium enterprise loan portfolio. The financing package to YES BANK includes $45 million provided through IFC’s new co-lending program in addition to IFC’s own account loan of…
Zions still Idaho’s top SBA loan lender – The Idaho… December 13, 2013 Zions First National Bank issued $11.7 million to businesses in Small Business Administration loans in 2013, making Zions the leading SBA lending for the 12th straight year. A total of 317 businesses in the Boise District, which includes all of Idaho except for the Panhandle, were approved for nearly $76 million in SBA loans. The cap for SBA loans is $5 million. Cece Mitchell, Zions senior vice president and SBA lending Manager, said the average…
The post Raiffeisen Bank International AG : Development Credit Authority – Loan … – 4-traders (press release) – loan credit – Google News appeared first on Credit Card Bank.
Recommend:
