We are pleased to have supported the Serbian Entrepreneurship Foundation (SEF) in the implementation of its Rural MSME Support Program in Serbia. As a part of the project, SEF entered into the new financing arrangement with Halkbank ad Beograd.
SEF’s support program is aimed at providing timely and needs-based support for eligible rural MSMEs in Serbia. In connection with the arrangement, Halkbank shall extend mid-term and long-term loans to MSMEs in Serbia based outside of Belgrade and Novi Sad.
Through its programs, SEF aims to improve the access of start-ups, micro, small and medium enterprises, entrepreneurs and registered farmers to adequate financial products, by encouraging banks and non-bank financial institutions to provide financial and non-financial services to this client segment. We are proud to be part of SEF’s activities since its incorporation in 2019 by KfW and the Serbian Chamber of Commerce as founders.
Our team on the project was led by Partner Maja Jovančević Šetka and Senior Associate Dimitrije Ilić.
Partner and Senior Associate refer to Independent Attorney at Law in cooperation with Karanovic & Partners.
The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.
