GROW window
GROW – The Recovery and Green Opportunities Window
GROW – The Recovery and Green Opportunities Window aims to enhance access to finance for micro, small, and medium enterprises (MSMEs) by supporting financial institutions in lending for renewable energy and energy efficiency projects.
FINANCIAL PARTNERS
- Bank for Business Sh.A.
- NLB Banka Sh.A.
- ProCredit Bank Kosovo J.S.C.
WHICH MSMEs QUALIFY?
- Privately-owned MSMEs (no government ownership during the guarantee coverage period)
- Officially registered businesses
- Owned by at least one private citizen or permanent resident of Kosovo
- Fewer than 250 employees
GUARANTEE CHARACTERISTICS
- Coverage up to 50% of the loan principal, not exceeding €500,000
- Maximum loss cap: 100%
- Guarantee type: Revolving
WHAT LOANS QUALIFY?
- Loan amounts between €3,000 and €3,000,000
- Maximum credit exposure: €5,000,000
- Maximum guarantee: €500,000
- Maximum total exposure per beneficiary under credit guarantees: €1,000,000
- Loan maturity of up to 84 months
- Purpose:
- Energy Efficiency Investments (building envelope, equipment, production lines, and other efficiency measures – up to 20% may be complementary investments)
- Small-scale renewable energy projects (solar, wind, biomass, or geothermal) up to 400 kW
BENEFITS
For MSMEs:
- Improved access to finance
- More favorable loan conditions
- Potentially preferential interest rates
- Reduced collateral requirements
- Faster loan processing times
- Increased business sustainability
For Registered Financial Institutions (RFIs):
- Lower risk costs
- Capital relief
- Full loss coverage
- Reduced credit risk
- Increased guarantee limits
- Expanded credit portfolio
- Higher revenue from additional product sales
