EBRD and EU expand finance for small businesses in Montenegro
Montenegro, Oct. 29 -- The European Bank for Reconstruction and Development (EBRD) is providing a €10 million financing package to Alter Modus, Montenegro's leading microfinance institution, to improve access to finance for micro, small and medium-sized enterprises (MSMEs), including businesses led by women and young entrepreneurs.The package comprises a €7 million loan for MSMEs, a €2 million loan under the Western Balkans Women in Business programme and a €1 million loan under the Western Balkans Youth in Business programme. This will enable Alter Modus to increase lending to private businesses across Montenegro, including firms outside the capital, Podgorica.The Women in Business loan will expand access to finance...
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