EBRD approves 4 mln euro loan to Bosnian microfinance firm Partner MKF Tuzla

Photo: EBRD

SARAJEVO (Bosnia and Herzegovina), October 12 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it has approved a senior unsecured loan of up to 4 million euro ($4.6 million) to Bosnia's Partner MKF Tuzla for residential green investments.

The loan will be extended in two equal tranches under the Western Balkans Green Economy Financing Facility (GEFF) II, the EBRD said in a project summary description on Monday.

The second tranche would be uncommitted and its commitment would be in the EBRD's sole discretion.

PMF is the third largest non-deposit microfinance institution in Bosnia. It was set up by US-based international relief and development non-governmental organisation Mercy Corps.

GEFF is a 135 million euro programme co-financed by the EU, the Austrian Federal Ministry of Finance, and bilateral donors to the Western Balkans Investment Framework (WBIF). It is implemented n partnership with the Energy Community Secretariat under the umbrella of the Regional Energy Efficiency Programme for the Western Balkans (REEP Plus).

($ = 0.8652 euro)

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