Kosovo Credit Guarantee Fund (KCGF)

The Kosovo Credit Guarantee Fund (KCGF) is a local, independent, sustainable credit guarantee facility issuing portfolio loan guarantees to financial institutions to cover up to 50% of the risk for loans to micro, small, and medium enterprises (MSMEs).

The KCGF was established in January 2016 under the Law on the Establishment of the Kosovo Credit Guarantee Fund. The aim of the KCGF is to support the private sector in Kosovo by increased access to finance for MSMEs, thereby creating jobs, increasing local production, improving the trade balance and enhancing opportunities for underserved economic sectors.

The establishing Law of the KCGF was initiated by the Ministry of Trade and Industry, and its development was supported by USAID Kosovo, through the EMPOWER Credit Support (ECS) Program.

The establishment of the Credit Guarantee Fund for Kosovo is an innovation in the financial sector of Kosovo, which marks a new stage of development in facilitating access to finance for small and medium enterprises. Small and medium enterprises are the driving force of economic growth, the creators of new jobs and as such, with an optimum access to finance, could be key factor of economic development of a country.