Guarantee Facility

335m €
available financing to SMEs
207m €
deployed as at December 2017
jobs supported

What is WB EDIF’s Guarantee Facility?

The WB EDIF Guarantee Facility is managed by the EIF and provides guarantees and counter-guarantees to financial intermediaries in the Western Balkans, supporting SMEs with growth potential.

The WBEDIF Guarantee Facility was first launched in 2013 whereby high demand in the market led to a quick and full allocation of the resources available and a close of the Call for Expression of Interest in 2014.

Following the successful implementation of the WB EDIF GF, the WB EDIF GF II was signed between the EIF and the European Commission in December 2015. The corresponding second open Call for Expression of Interest went live in 2016 and was also fully allocated, leading to a close of the call in 2017.

As an evolution under this facility, new funds for a Serbia-specific Guarantee Facility were made available during 2017 and 5 financial intermediaries have been selected in an open call for expression of interest for financial intermediaries operating in Serbia.


Key facts and figures

  • For SMEs with growth potential in the Western Balkans in need of a loan, covering financing for investment and working capital

  • SMEs can obtain a loan of up to EUR 500.000

  • provided via financial intermediaries which are selected through a Call for Expression of Interest

  • EIF covers part of the risk incurred by the intermediary

  • Across all past and current editions of the Guarantee Facility, namely I, II and Serbia, EIF expects to generate an overall loan volume of over EUR 300 million

EU for Serbia - Financing for SMEs

In 2018 EIF launched the very first national Guarantee Facility under WB EDIF.

In collaboration with the EU and the Ministry of Economy, the “EU for Serbia – Financing for SMEs” instrument is specifically tailored to the needs of SMEs in the Republic of Serbia and notably follows recommendations from the EIB’s ex ante analysis into financing gaps for access to finance for SMEs in the country.

The open Call for Expression of Interest is currently open for applications from eligible financial intermediaries.

Please refer to EIF’s dedicated WB EDIF page for more information here

Please find more information about the Facility and the contacts of the selected Financial intermediaries here: EIF_Serbia_brochure_1902[Serbian]


Guarantee Facility Agreements signed to date

Under the first allocation of funding the European Investment Fund signed a total of 6 First Loss Portfolio Guarantee (FLPG) Agreements with :

ProCredit in Albania

ProCredit in Bosnia & Herzegovina

ProCredit in Kosovo

UniCredit in Serbia

CKB in Montenegro

Raiffeisen in Croatia

These agreements have made a total of over EUR 118m available to SMEs in these countries, allowing them to benefit from reduced collateral requirements for new loans for investment and/or working capital.

Under the second allocation of funding the European Investent Fund signed a total of 5 First Loss Portfolio (FLPG) Agreements with :

ProCredit Macedonia

ProCredit Serbia

ProCredit Kosovo

Raiffeisen Albania

CKB Montenegro

These agreements have made a total of EUR 107m available to SMEs in these countries, allowing them to benefit from reduced collateral requirements for new loans for investment and/or working capital.

As an SME, how do I get a loan via the Guarantee Facility?

WB EDIF does not provide financing directly to SMEs, but works with a range of financial intermediaries in the region.

Please address these (abovementioned) financial intermediaries directly in case you would like to obtain further information about your options for loan financing.


Did you know that WB EDIF also offers technical support services to help develop your business idea?

Discover more on our dedicated page for entrepreneurs here

News & Events


13th WBEDIF Platform Advisory Group meeting

13th WBEDIF Platform Advisory Group meeting took place on 5 December in Luxembourg, at the premises of EIB and hosted by EIF. PAG has discussed the results of WB EDIF to date and the future strategy of the platform for the benefit of the target beneficiary economies. A short movie has been created at this occasion, which will be released soon!


Launch of the “EU for Serbia – Financing for SMEs” initiative targeting EUR 180m new loans for Serbian businesses

Today in Belgrade, the EIF endorsed the selection of five local banks (Raiffeisen bank, UniCredit bank, Banca Intesa, ProCredit bank and Komercialna bank), which will implement the “EU for Serbia – financing for SMEs” Guarantee. The event took place in the presence of the Prime Minister of the Republic of Serbia, Ms Ana Brnabić, the State Secretary in the Ministry of Economy, Mr Milun Trivunac, and Ambassador and Head of Delegation of the European Union to the Republic of Serbia, H.E. Mr. Sem Fabrizi.

Read more

See more news & events

Case studies


Kosovo* Case Study

A native of bablak in southern Kosovo*, Ejup Shumolli is the owner of a factory that produces high quality vinyl windows and doors. His products are unique because he uses Inoutic, a German material which is well known for its superb thermal insulation and moisture protection.

Find out how Ejup received financing for his company through WB EDIF’s Guarantee Facility

WBEDIF Succes Stories – Shumolli

Discover other means of support

Footer Logo WBEDIF