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1 February 2021

EFSE supports the financing of small-scale farmers in Albania

Albania

The European Fund for Southeast Europe (EFSE) has provided a €3 million loan to FED Invest, a specialised agriculture lender in Albania, to extend much-needed liquidity to farmers in rural areas. Agriculture contributes to 20% of Albania’s GDP and over half of employment. By increasing the availability of loans to micro and small enterprises in the agricultural sector, FED Invest and EFSE aim to equip rural farmers with the resources they need to weather the COVID-19 crisis.

 

The European Fund for Southeast Europe is a public-private partnership which is supported with funds from various private investors and donor agencies including the European governments and the European Union.

 

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Photo Credit: The European Fund for Southeast Europe (EFSE)