Achievements

Achievements

Since its inception in 2005, the European Fund for Southeast Europe has played a key role in fostering economic development and prosperity in the Southeast Europe region and in strengthening local financial sectors.

The investments of EFSE helped to foster a small business sector, enabling small businesses to grow, generate additional income, and to create as well as to sustain employment.
The Fund has helped to improve the quality housing for low-income families throughout Southeast Europe.
It has worked with all relevant stakeholders to promote responsible finance practices.
The Fund has contributed to regional cooperation, among others through the Advisory Group composed of representatives of local central banks.
EFSE has helped to stabilise the local financial markets during the recent crisis by providing stable and reliable funding.
EFSE’s technical assistance and training projects have played a key role in strengthening partner lending institutions and local financial sectors – particularly during the recent times of financial and economic distress.

At a glance - Key figures

Development performance

300,285 micro and small enterprise and housing loans totaling EUR 1.8 billion facilitated since inception

Investment portfolio

EUR 1,130.0 million of investments approved since inception

Funding

EUR 827 million of total commitments from donor agencies, international financial institutions and private investors
Public capital EUR 303 million (37%)
Private capital EUR 524 million (63%)

Status: 31 Dec 2011

Themes

Responsible finance has become an increasing concern in microfinance and traditional banking.

Strengthening fundamental values

The story of Luda Gharibyan, Grocery store owner, Armenia
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Growing with the local market

The story of Ina Melniciuc and Alexandru Gheletea, Furniture manufacturers, Moldova
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Building on a tradition of growth

The story of Zoran and Goran Volf, Carbon and metal products manufacturers, Serbia
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Sustaining the momentum of growth

The story of Galina Epuri, Owner of a wholesale bakery, Moldova
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Helping entrepreneurial dreams come true

The story of Givi Gachechiladze, Owner of a metalworking company, Georgia
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Backing businesses with strong fundamentals

The story of Zurab Tatrishvili, Wine grower, Georgia
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Providing a framework for prosperity

The story of Joni Mamasakhlisi, Window frame manufacturer, Georgia
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Investing in education

The story of Nagorka Govedarica, Owner of a childcare center, Bosnia and Herzegovina
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Reaping the benefits of hard work

The story of Gennadiy Lysikov, Agricultural producer, Ukraine
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Sowing the seeds for a better future

The story of Kadri Mane, Greenhouse operator, Albania
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Reflecting business success

The story of the Jordanov family, Owner of a vegetable and fruit processing company, FYR Macedonia
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Videos

EFSE - A Success Story in
Development Finance

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EFSE - A success story of microfinance investing in Southeast Europe

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Little school of banking -
Nir and eir, Nks i eks

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Little school of banking -
Macroeconomic indicators,
Makroekonomski pokazatelji

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Little school of banking - Swift

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