For SMEs

Are you are an entrepreneur and want to set up or expand your business in the Western Balkans but you might not have sufficient financing capacity? Then the Western Balkans Enterprise Development & Innovation Facility (WB EDIF) could benefit you.

Are you located in one of the following countries? Albania, Bosnia and Herzegovina, Croatia, former Yugoslav Republic of Macedonia, Montenegro, Serbia and Kosovo*.

Then WB EDIF can help you by working with selected financial intermediaries that provide a wide range of financial products to SMEs.

WB EDIF has financed and supported thousands of SMEs in its first 5 years of its existence. This is the story of just one of those companies – DryTools – founded by Marko Gacesa, Nikola Milinkovic and Dusko Vesin. DryTools was the very first investment undertaken by WB EDIF’s early stage fund—the Enterprise Innovation Fund (ENIF).

NEW! Toolkit for SMEs on Intellectual Property and Intangible Assets

Both the monetisation of intangible assets and the power of intellectual property in creating value for enterprises are becoming evermore relevant for today’s companies.

Take advantage of our toolkit to see how you could benefit from this.

Are you looking for a bank loan for your business?

WB EDIF supports financing for SMEs to help their business start-up or develop through its Guarantee Facility. Please address the financial intermediaries directly in case you would like to obtain further information.
You will find below a list of selected financial intermediaries providing loans and guarantees to SMEs in the Western Balkans under the WBEDIF Guarantee Facility:

ProCredit Albania
ProCredit Bosnia & Herzegovina
ProCredit Kosovo
ProCredit Macedonia
ProCredit Serbia
UniCredit Serbia
CKB Montenegro
Raiffeisenbank Austria, Croatia
Raiffeisen Albania

Are you looking for equity capital for an innovative business in its early phases of development?

If you are an entrepreneur who wants to start up or develop a business and you are looking for working capital provided by funds, please submit your investment proposal and business plan directly to the Enterprise Innovation Fund (ENIF) fund manager.

ENIF targets specifically those companies which are in their early stages of development by providing both seed and start up capital. Please note that the fund manager makes investment decisions based on commercial criteria.

Are you already an established company, wanting expansion equity to take your high-potential company to the next level?

If you are an entrepreneur and own an established business with a high growth potential, you might be eligible for obtaining financing under Enterprise Expansion Fund (ENEF).

ENEF targets specifically those companies which are already firmly operational which want to expand in the market. Please submit your investment proposal and business plan directly to the ENEF fund manager. Please note that the fund manager makes investment decisions based on commercial criteria.