“As Agricover Credit executes its strategy of extending activities to new client segments, the institution will further consolidate its market position and achieve an even better outreach to the under-served SMEs,” said Monika Beck, Chairperson of the Board of EFSE.
Agricover Credit, one of Romania’s largest non-banking financial institutions, has been an effective EFSE partner since 2012.
“Our ongoing collaboration with the European Fund for Southeast Europe (EFSE) allows us to provide more loans to the farmers, support investments and bring value to the Romanian agricultural sector as a whole”, said Robert Rekkers, general manager of Agricover Credit IFN.
The European Fund for Southeast Europe (EFSE) was initiated by KfW Development Bank (KfW) with the financial support of the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission. It aims to foster economic development and prosperity in Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, former Yugoslav Republic of Macedonia, Kosovo, Georgia, Moldova, Montenegro, Romania, Serbia, Ukraine and Turkey.
Founded in 2008, Agricover Credit is the only financial institution in Romania that caters exclusively to farmers.