"We have a lot of work, and I have a lot of plans."
Marco Šunjić
Metalworker and business owner
CEPOR, Croatia
The EFSE is having a remarkable social and economic impact: With an aggregate loan volume of more than EUR 2 billion invested with partner lending institutions throughout the its target regions, the EFSE ultimately served about 860,000 sub-borrowers and plays an instrumental role in securing more than 717,000 new jobs and helping to create more.
The EFSE’s management is assessed annually according to the following development performance criteria:
- Breadth of outreach, i.e. number of micro and small enterprises reached
- Depth of outreach, i.e. average loan size
Success Stories
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“We realized that without investment there is no progress; every good investment gives multiple returns.”
Fatmir Spahić
Farmer
Alter Modus, Montenegro -
“It’s a blessing to produce something with your own hands. But I also needed to learn about all the phases of running a business.”
Marija Milković
Clothing maker
CEPOR, Croatia -
“When it becomes clear that you have to fend for yourself and that you are in charge of your destiny, the feeling is at once liberating and daunting. With Mi-Bospo, I could focus on the former and worry less about the latter.”
Fatima Selimović
Optician
Mi-Bospo, Bosnia and Herzegovina -
“When everyone thought I should give up on my idea, I believed in myself, and had success.”
Gabrijela Vukašinović
Owner of a cultural centre for children
Alter Modus, Montenegro -
“My business needs to adapt to changes and challenges as they arise. That’s why I work with Patria Credit.”
Mladen Marian
Vegetable producer
Patria Credit IFN, Romania -
“In our region, agriculture has always been predominant. As I always liked the industry, I wanted to become engaged by creating something new.”
Andrii Vyacheslavovich Isichenko
Production of heavy duty bulk bags
ProCredit Bank, Ukraine -
“Things change and you have to adapt. When you are lucky enough to build your life around your business and your business around your life, you want to choose the right partner for financial matters."
Ilie Tricolici
Livestock Farmer
Microinvest MFO, Moldova -
“It’s one thing to see a market for something and quite another to figure out how you are going to satisfy it. And still another to make the whole thing happen. Once you’ve got the first two taken care of, leave it to Access Bank to find a solution"
Serxan Dadasov Serdar
Retail Clothing
Access Bank, Azerbaijan -
"I started my own business and faced many challenges along the way. Due to the support from others I was able to manage these tough times. I love my team and make sure that I repay my debt to society by being available to my customers and partners.”
Tatyana Ivanovna Yaremchuk
Milling and production of pasta
ProCredit Bank, Ukraine -
“It is true that my wife and I built up a business from nothing but a good idea, hard work and perseverance. It is equally true that we couldn’t have done it all by ourselves. Alter Modus was there for us every step of the way."
Slobodan Golubovic
Window Blinds & Shutter Manufacturer
Alter Modus, Montenegro -
“For a long time, going into business on my own seemed like an impossible dream, but sometimes you get lucky and you find someone who shares the dream with you and helps to make it come true. That’s how it all began between me and Access Bank.”
Fuad Mammadali Aliyev
Retail Books, Stationery & Toys
Access Bank, Azerbaijan -
“I wanted to be my own person and be an independent contractor in the tourism industry.”
Gordana Čkuljević
Tourism - rooms and apartments renting
MFI Alter Modus, Montenegro -
“It was my dream to own my own business and as Fevzi Paşa is an agricultural town, it made sense to go into that industry.”
Recep Çamur
Vegetable Grower
Şekerbank, Turkey
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“When they left the business to me, I don’t think my parents ever imagined that their little café would ever change. [...] however, they planted the seed of entrepreneurship in me. And some good common sense to find the right (financial) partner."
Rizvan Garayev
Bakery & Restaurant
Access Bank, Azerbaijan -
“I faced many challenges in the beginning, but by the age of 23 I started my own business. I had no support from my family and even though many people did not support my idea, I have proven them wrong and grown my business to become a success.”
Tijana Đelević
VUK - Child Care
MFI Alter Modus, Montenegro -
"It took me a while to realize that knowledge is indeed power. Like the knowledge that working with a bank is the best way to transform a fragile idea into a solid business."
Bakhtiyar Meyvaddin Novruzbeyov
Grocery Store
Access Bank, Azerbaijan
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“When we made the decision to go from running a farm to feed our family to running a farming business to feed the community, we knew it would be a difficult journey at first. Then we found the perfect travel companion in Mi-Bospo.”
Zumreta Ribić
Sheep and Cattle Farming
Mi-Bospo, Bosnia and Herzegovina
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“The ability to access credit is something you first have to earn. At least that’s how I see it. You want to have everything in place first, like your business, your people, and a good reputation."
Ioseb Tsotsolashvili
Construction Material Recycling
Bank Republic, Georgia -
“It was a small operation but we had a strong business plan, and with the expert financial support and advice of MF Banka, we were able to grow our little chicken farm into a bigger one.”
Velislav and Zaviša Simeunović
Poultry Farming
MF Banka, Bosnia and Herzegovina -
“After years of renting premises, I finally invested in a practice to own outright. My advisors at Bank Republic laid out a realistic repayment schedule and they have been very helpful in many other ways. Now I can fully concentrate on my vocation.”
Omar Baxturidze
Dental Practice
Bank Republic, Georgia -
“Life as a grower isn’t always easy, but you quickly forget the hardship when you have a good harvest. We have progressed a lot thanks to loans from Mi-Bospo because they understand our business and we benefit from their experience.”
Šemsa Karić
Greenhouse and Tillage Farming
Mi-Bospo, Bosnia and Herzegovina -
“When you go into business on your own, you tend to make do with what you have and see credit more as a risk. I think that is a healthy approach in the beginning. But there comes a time when taking out a loan becomes an opportunity."
Teimuraz Meqvevrishvili
Food Oil Distiller
Bank Republic, Georgia
Contact Us
Contact point for complaints
For any complaints about the European Fund for Southeast Europe, please use the following email address: complaints@efse.lu.
