Agency for finance in Kosovo (AFK)
Agency for Finance in Kosovo (AFK) is a non-banking micro-finance institution, initially registered as a program of Mercy Corps Kosovo (since September 1999), and re-registered as Non-Governmental Organization (NGO) in February 2002.
The AFK mission is improvement of living conditions in Kosovo by providing sustainable financial services for micro-enterprises and small enterprises. AFK Vision is to become the leading micro-financial institution in Kosovo.
AFK has offered the total of 80,932 loans to the amount of € 148,027,435.until 30 September 2017. AFK operates throughout the territory of Kosovo such as: Peja Centre, Peja 2nd Location, Prishtina 1, Prishtina 2, Prizren, Gjakova, Mitrovica, Gjilan, Ferizaj, Istog, Klina, Skenderaj, Malisheva, Theranda, Rahovec, Deçan, Drenas, Vushtrri, Vitia, Graçanica.
AFK currently provides the following 6 types of loans:
- Loan for Business
- Agriculture Loan
- Family need Loan
- Renovation Loan
- Green Loan
- Vehicle registration Loan
Loans for Business
Target: The Business loan product is destined for micro-enterprises and small enterprises /private entrepreneurs involved in different services, production/processing and retail who intend to use the loan for business purposes only, and who can provide sufficient collateral.
Loan purpose: Purchase of fixed assets and working capital.Agriculture Loans
Target: Agriculture loan is available for micro-farmers and small farmers, and those included in agriculture business (sowing, milk producers, farming, etc).
Loan purpose: Purchase of fixed assets and working capital (reparation of hangars, purchase of cattle, seeds, fertilizers, purchase of agricultural equipments, etc).Family need loans
Target: This loan product is destined for clients with good salaries and consistent jobs or active business, who need immediate access to short-term and middle-term small loans or emergent loans for general needs.
Loan purpose: Purchase of household equipments, furniture, education fees for their children, winter goods, summer holidays, vehicle service and registration, medical treatments, weddings etc.Renovation loans
Target: This loan product is destined for clients with good salaries and consistent jobs or active business, and who aim to use the loan for house renovations.
Loan purpose: Purchase of construction material, reparation of water supply system, reparation of the roof, purchase of the new doors and windows, etc.Green loans
Target: This loan product is destined for clients with good salaries and consistent jobs or active business, aiming to finance the projects and/or project components, which have energy saving effect.
Loan purpose: These loans are used for isolation works (a building envelope), purchase of equipments and machinery for business, isolation of stall, agriculture machinery, and purchase of household equipments.Vehicle registration loans
Target: The loan product in question is destined for clients with regular income from consistent work or active business, aiming to register their vehicles.
Loan purpose: These loans are given for registration of vehicles used for personal needs or business needs.