A Strawberry Farmer’s Journey with Credit
Thanks to a USAID guarantee to her local bank, Xhevrije (jev ree yay) was able to secure a loan to grow her strawberry business.
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Video Transcript
Kosovo
30% of Kosovo’s labor force is unemployed.
30% of the population lives below the poverty line.
Farming employs 35% of Kosovo’s total labor force.
Yet the agricultural sector receives a mere 4.1% of total bank lending.
But things are changing...
This is Xhevrije (Jev ree yay).
USAID partnered with Xhevrije’s local bank
by providing a loan guarantee
encouraging increased lending in the agriculture sector.
Enabling Xhevrije to get a loan
to more than double her business
and quadruple her workforce.
All because she had access to credit through a loan guarantee.
USAID has been providing loan guarantees to banks throughout Kosovo to mobilize financing
so that businesses like Xhevrije’s can get the capital they need to grow.
Based on this success, the Government of Kosovo created its own Kosovo Credit Guarantee Fund
enabling thousands more like Xhevrije
to achieve their dreams.
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