geo/montenegro

Location
42.872693259064, 19.22607421875

Montenegro

Submitted by tfang@ifc.org on
Country
Current Volume
535800768
Finance gap
619006323
Micro Women Gap
43728012
Micro Men Gap
575278311
MSME Women Gap
43728012
MSME Men Gap
575278311
Micro Gap ( Men and Women )
619006323

Triodos Investment Management provides EUR 5 million funding to Lovćen banka in Montenegro

Triodos Fair Share Fund and Triodos Microfinance Fund have provided a EUR 5 million debt facility to Lovćen banka in Montenegro, which largely targets small and family businesses.
 
Rosanna Sarkeyeva, Regional Manager for Eastern Europe, the Caucasus and Central Asia: “This transaction supports Lovćen banka’s strategy to increase its outreach to small-scale entrepreneurs and family businesses, especially those in rural areas. These businesses are strongly embedded in local communities and instrumental in Montenegro’s social and economic development. Among the bank’s ambitions is to increase its offering in agri-financing and renewables financing, and we would be happy to contribute our knowledge and network to make this happen.”

DFC - U.S. International Development Finance Corporation (Former OPIC)

OPIC is the DFC - U.S. Government’s development finance institution. It mobilizes private capital in emerging and frontier economies to address development challenges and advance US foreign policy objectives.

Country / Region
Member Since
Location
38.9071923, -77.0368707
City/Town location
Washington D.C., DC, USA
PipeDrive organization Id
185