Mikrokreditna Fondacija Mi-Bospo Tuzla (Mi-Bospo) has received a €3 million loan from the EBRD.  The loan will support a number of small business enterprises, in particular those in agribusiness and businesses run by women.

Tuzla-based Mi-Bospo, is situated in the north-eastern part of Bosnia and Herzegovina.  Established in 1996 by the World Bank it is now the country’s fourth-largest micro-finance institution.

The first loan that Mi-Bospo received from the EBRD was back in 2007 and the two organisations still enjoy a successful collaboration today.  Since 1996, the country has benefited from EBRD investment in 171 projects, totalling around  €2.5 billion.

Despite the fact that small business are the backbone of the Bosnia and Herzegovina economy, many of them still find it hard to access finance. 

In May 2019 the EBRD held its annual Meeting in Sarajevo where the Bank reported a record result in the country having invested in 20 projects in 2019 to the tune of  €315 million.