GROW window

GROW – GREEN RECOVERY AND OPPORTUNITY WINDOW aims to support businesses in Kosovo to invest in renewable energy and energy efficiency.

INTERMEDIARIES

Registered Financial Institutions of KCGF are:

Banka per Biznes Sh.A., NLB Banka Sh.A., ProCredit Bank Kosovo J.S.C.

WHICH BUSINESSES QUALIFY?

MSMEs that qualify for guarantee financing include, but are not limited to the following:

Privately owned MSMEs, without any Government ownership during the loan coverage period from the guarantee.
MSMEs that have business registration.
A qualified MSME must be owned at least by one permanent resident of Kosovo
MSMEs with less than 250 employees
Have adapted an Environmental and Social Management System according to IFC/World Bank Standards, which will ensure that credits will meet environmental criteria.

WHAT ARE THE GUARANTEE FEATURES?

Guarantees will be provided for the amount up to 50% of the loan principal but not more than EUR 500,000
The maximum loss cap will be 100%
Type of guarantee: Revolving

WHICH LOANS CAN BENEFIT FROM GROW WINDOW?

Qualified Loans fulfilling the following criteria will be eligible for GROW Window benefits:

The maximum loan amount is EUR 3,000,000
The maximum credit exposure is EUR 500,000 but the not exposed more than EUR 1,000,000
The maximum amount of the guarantee is EUR 500,000
The maximum maturity is 84 months.
The purpose of the loan is Energy Efficiency Investments (Building Infrastructure, Equipment, Production Lines and other Energy Efficiency measures– Maximum 20% Complementary Investments) , Small-scale renewable energy (wind, solar, biomass or energy geothermal) up to 400 kw.

WHAT ARE THE BENEFITS?

For MSMEs

For RFIs

For Registered Financial Institutions