A senior unsecured loan of up to EUR 1.5 million to be provided in one single tranche under the Financial Intermediaries Framework ("FIF").
The Loan proceeds will be used for on-lending to private micro and small sized enterprises ("MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement.
ETI score: 60
The project contributes to the objectives of the FIF, supporting the Transition Impact qualities of Competitive and Resilient:
Competitive: The project will expand MiBospo's lending to private MSEs in Bosnia and Herzegovina, with a focus on regional outreach and attraction of new MSE clients.
Resilient: MiBospo is expected to maintain adequate MSE portfolio quality.
MIKROKREDITNA FONDACIJA MI-BOSPO TUZLA
Mikrokreditna Fondacija Mi-Bospo Tuzla ("MiBospo") is a long-standing EBRD partner since 2007 and specialised Micro Finance Institution ("MFI") in Bosnia and Herzegovia ("BiH"), focused on loans to female borrowers, women enterpreneurs and agro clients. At YE2021, it is the 4th largest MFI by total assets with 7% market share. Headquartered in Tuzla, MiBospo has 193 employees and serves ca. 25,500 clients both in the Federation of BiH and in the Republika Srpska through 38 offices.
EBRD Finance Summary
Total Project Cost
- Financing structure: The EBRD loan will provide much-needed term financing to help address issues of limited availability of medium- to long-term financing for non-deposit taking institutions in BiH.
- Standard-setting: MiBospo will be required to comply with EBRD's Performance Requirements for FIs. All Sub-projects and Sub-borrowers will be required to comply with the eligibility criteria defined in the Policy Statement of FIF.
- Gender SMART: MiBospo will make use of EBRD expertise for the adoption of gender standards and equal opportunities action plans. In particular, MiBospo will undertake to allocate at least 50% of proceeds under the loan to women MSEs in order to further promote and provide access to finance to underserved segments in Bosnia and Herzegovina.
Environmental and Social Summary
Categorised FI (2019 ESP). MiBospo is an existing client and will be required to continue to comply with PRs 2, 4 and 9, including adherence to the expanded EBRD E&S Exclusion List and Referral List introduced with ESP 2019. The annual environmental and social report for 2021 will be reviewed and any potential gaps addressed before signing. MiBospo will be required to continue to comply with the EBRD's Environmental and Social Risk Management Procedures for Corporate Loans, SME and Micro Loans, and submit annual environmental and social reports to the Bank.
Technical Cooperation and Grant Financing
Company Contact Information
PSD last updated
13 Jun 2022
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Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
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