Project Notice |
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| PNR | 48354 |
| Project Name | FIF - WB Youth in Business - Alter Modus |
| Project Detail | Location: Montenegro Project number: 53969 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 09 Aug 2022 Status: Approved PSD disclosed: 11 Aug 2022 Provision of a senior unsecured loan of up to EUR 3.0 million to be made available in two tranches to Alter Modus (AM) under the Western Balkans Youth in Business (WB YiB) Programme. The second tranche will be uncomitted. Project Objectives The loan proceeds will be used for on-lending to eligible micro and small-sized enterprises (MSEs) whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 (Youth MSEs) in Montenegro in accordance with the Policy Statement. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Forestry |
| Country | Montenegro , Southern Europe |
| Project Value | EUR 3,000,000 |
Contact Information |
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| Company Name | MIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOO |
| Address | Ana Kentera ana.kentera@altermodus.me +382 20 655 280 +382 20 655 260 https://altermodus.me/ Ul. Vucedolska br. 15 81000, Podgorica Montenegro |
