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- W218532903 abstract "The Kosovars faced continuous economic and social discrimination during the 1990s, a decade that ended in war in 1999. The post-war economy was marked by high unemployment and the country lacked social and political stability. It was necessary to strengthen the private sector to ensure, let alone promote, Kosovo's socioeconomic development. The private sector depended on micro enterprises and small-and medium size enterprises (SMEs), which could generate employment, strengthen the economy, and improve Kosovars' social life. However, there was a dearth of investment capital and policies supporting the private sector, and Kosovo had no bank of its own. Based on the experiences of micro-financing in Bosnia and Albania, the Kosovo Micro Enterprise Bank (MEB Kosovo) was established in 1999 to provide loans to small businesses, as well as usual banking activities. MEB Kosovo helped generate employment and revenue through its services and included the local population among its staff. By 2002, MEB had disbursed 47 million (around US$44.3 million) through 6,800 loans to micro and small enterprises. MEB Kosovo gave ordinary people the means to sustain their life, and became a dependable, commercially oriented source of credit and other financial services for micro and small businesses." @default.
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- W218532903 date "2003-01-01" @default.
- W218532903 modified "2023-09-28" @default.
- W218532903 title "Kosovo Micro Enterprise Bank" @default.
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