USAID’s Partnership for Development program aims to enhance the enabling environment for Kosovo’s private sector to expand employment opportunities for the country’s citizens. The program works in partnership with the government and other partners to support Kosovo’s vision for economic growth by strengthening its institutions.
USAID developed a loan portfolio guarantee to increase access to finance for Kosovo’s micro, small, and medium enterprises in agricultural value chains, as well as business startups in all sectors. These 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, in order to demonstrate the potential profitability in these sectors. USAID is also working to assist Kosovo’s financial sector to introduce new products tailored to meet the specific needs of start-ups and agricultural businesses.
The activity will aim at increasing competitiveness in growth-ready sectors and facilitate inclusive job creation, while also developing the capacity of local service providers to support the Kosovo private sector and respond to USAID contractor requirements.
Empower North is designed to build on the support previously provided to businesses in northern Kosovo through the Kosovo Private Enterprise Program. The program provides support to the four northern municipalities of Zubin Potok, Zvečan/Zveçan, Leposavić/Leposaviq, and North Mitrovica with the aim of promoting further economic development and income generation in the region.
The program is working to achieve this by helping businesses get better access to domestic and foreign markets and better integration into the value chain through grant assistance and technical training.
The Development Credit Authority (DCA) loan portfolio guarantee aims to increase access to credit for Kosovo’s agriculture sector by providing a 50% risk guarantee to loans issued by participating banks. The DCA guarantee gives banks the incentive to lend to farmers, who would otherwise find it difficult or impossible to obtain financing, in order to demonstrate their potential profitability.
Through the DCA, USAID is also assisting Kosovo’s financial sector to introduce new products tailored to meet the needs of agricultural businesses throughout the agriculture value chains.
Last updated: November 13, 2014