![](http://www.gca-foundation.org/wp-content/uploads/2020/05/Logo-KRK.jpg)
Kosovo
![](http://www.gca-foundation.org/wp-content/themes/wp-bootstrap-gca/inc/assets/images/picto-241-vert.png)
Financial services
Financing granted
Loan of €1.5M *
(equivalent in local currency)
Foundation partner
since 2009
(4 loans granted)
*Outstanding amount at grant value
Partner website![](http://www.gca-foundation.org/wp-content/uploads/2020/05/ODD-1-AN-scaled.jpg)
![](http://www.gca-foundation.org/wp-content/uploads/2020/05/ODD-5-AN-scaled.jpg)
![](http://www.gca-foundation.org/wp-content/uploads/2020/05/ODD-8-AN-scaled.jpg)
Context:
In Kosovo, the unemployment level reached 31% in the second quarter of 2017 and largely concerned young people (51%). The weight of the informal economy represents at least a third of GDP.
The Institution:
Kreditimi Rural i Kosoves (KRK) is a project initiated in 2000 by ADIE International as the Rural Finance Program of Kosovo (RFPK). The project turned into a microfinance institution shortly after, when the new regulations on financial institutions came into force in Kosovo.
Impact:
KRK’s mission is to provide access to financial services in rural areas of Kosovo in a sustainable manner, giving priority to the agricultural sector.