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Microcredit Foundation EKI (MCF EKI) is an institution that offers financial services for starting and improving small businesses, crafts, service providing and agricultural activities in the territory of BiH regardless of them being registered or non-registered. MCF EKI’s target group of clients are members of low-income households, women, disabled persons and those who run a business that creates new jobs or sustains existing ones.

In order to become an EKI client one needs:

  • to be 18 and above years old,
  • not to be over 75 years of age on the day of the final repayment of the loan,
  • to own a proper proof of residence registered in BiH,
  • to prove that the business they are about to start with the loan will be operated in BiH,
  • to prove that the real estate (in case of a housing loan) is in BiH,
  • to have a clear loan record registered in the Central Loan Register (CRK),


Loans for Agriculture

Loans for Agriculture are designed for agricultural producers who wish to start or expand their business. These loans can be used for the purchase of raw materials and fixed assets for the proper running of your agricultural business.

  • Loan Size from 300 to 50.000 BAM
  • Repayment period of up to 60 months
  • Grace period of max. 12 months
  • Loan processing fee 1,50% to 2,00%
  • Nominal Interest Rate (NIR) is fixed and calculated on annual level, while its value depends on the loan size and ranges from 14,50% to 21,00% as laid out in the table below:

Loan Size

Up to 3.000 BAM

from 3.001 BAM
to 4.000 BAM

from4.001 BAM
to 10.000 BAM

from 10.001 BAM
to 15.000 BAM

from15.001 BAM
to 20.000 BAM

from 20.001 BAM
to 50.000 BAM

Max. repayment period

36 months

42 months

60 months

60 months

60 months

60 months

NIR

21,00%

20,50%

17,50%

17,00%

16,00%

14,50%

EIR FBiH

24,97%

24,13%

20,09%

19,21%

18,04%

16,29%

 The given Effective Interest Rate (EIR) values were calculated for the maximum loan size and maximum repayment period.

Effective Interest Rate (EIR) is an interest rate that reflects all of the expenses related to the loan, including the Nominal Interest rate (NIR) and its value depends on the loan size and the length of the repayment period. The calculation of EIR in BiH Federation includes the loan processing fee.

Example of calculation of the Effective Interest rate (EIR):

Type of Loan

Loan Size

Repayment Period

NIR

Loan Processing Fee

EIR FBiH

Agriculture

10.000 KM

60 mjeseci

17,50%

2,00%

20,09%

 

Small Business Loans

Small Business Loans are designed for entrepreneurs who have small businesses, or who wish to start-up their own business, as well as for those who wish to improve or expand their existing business. The EKI Loan for Small Business will help you improve your business in the simplest way.

  • Loan size from 300 to 10.000 BAM
  • Repayment period of up to 60 months
  • Grace period of max. 6 months
  • Loan processing fee 2,00%
  • Nominal Interest Rate (NIR) is fixed and calculated on annual level, while its value depends on the loan size and ranges from 17,50% to 22,00% as laid out in the table below:

Loan Size

Up to 3.000 BAM

from 3.001 BAM
to 4.000 BAM

from 4.001 BAM
to 10.000 BAM

Max. repayment period

36 months

42 months

60 months

NIR

22,00%

21,00%

17,50%

EIR FBiH

26,20%

24,75%

20,09%

The given Effective Interest Rate (EIR) values were calculated for the maximum loan size and maximum repayment period.

Effective Interest Rate (EIR) is an interest rate that reflects all of the expenses related to the loan, including the Nominal Interest rate (NIR) and its value depends on the loan size and the length of the repayment period. The calculation of EIR in BiH Federation includes the loan processing fee.

Example of calculation of the Effective Interest rate (EIR):

Type of Loan

Loan Size

Repayment Period

NIR

Loan Processing Fee

EIR FBiH

Small Business

10.000 BAM

60 months

17,50%

2,00%

20,09%

Loans for Households

Loans for Households are designed for individuals who wish to improve the living conditions of their household. Upgrade your life quality with the purchase of a new TV set, refrigerator, furniture, or by decorating and refurbishing your home. With the help of EKI Loan for Households you can make your everyday life become more pleasant and comfortable.

  • Loan size from 300 to 3.000 BAM
  • Repayment period of up to 36 months
  • Loan processing fee 2,50%
  • Nominal Interest Rate (NIR) is fixed and calculated on annual level, while its value depends on the loan size and ranges from 25,00% as laid out in the table below:

 

Loan size

Up to 3.000 BAM

Max. repayment period

36 months

NIR

25,00%

EIR FBiH

30,50%

The given Effective Interest Rate (EIR) values were calculated for the maximum loan size and maximum repayment period.

Effective Interest Rate (EIR) is an interest rate that reflects all of the expenses related to the loan, including the Nominal Interest rate (NIR) and its value depends on the loan size and the length of the repayment period. The calculation of EIR in BiH Federation includes the loan processing fee.

Example of calculation of the Effective Interest rate (EIR):

Type of Loan

Loan Size

Repayment Period

NIR

Loan Processing Fee

EIR FBiH

Household

3.000 BAM

36 months

25,00%

2,50%

30,50%

 

Housing Loans

Housing Loans are designed for individuals and their efforts to reconstruct or construct their housing unit. If you plan on investing in the construction of your new home or in improving the comfort level of the existing home, the EKI Housing Loan is the right solution for that type of investment.

  • Loan Size from 300 to 20.000 BAM
  • Repayment period of up to 60 months
  • Loan processing fee 2,00%
  • Nominal Interest Rate (NIR) is fixed and calculated on annual level, while its value depends on the loan size and ranges from 21% to 21,50% as laid out in the table below:

 

Loan size

Up to 3.000 BAM

from 3.001 BAM
to 20.000 BAM

Max. repayment period

36 months

60 months

NIR

21,00%

21,50%

EIR FBiH

24,97%

24,95%

The given Effective Interest Rate (EIR) values were calculated for the maximum loan size and maximum repayment period.

Effective Interest Rate (EIR) is an interest rate that reflects all of the expenses related to the loan, including the Nominal Interest rate (NIR) and its value depends on the loan size and the length of the repayment period. The calculation of EIR in BiH Federation includes the loan processing fee.

Example of calculation of the Effective Interest rate (EIR):

Type of Loan

Loan Size

Repayment Period

NIR

Loan Processing Fee

EIR FBiH

Housing

20.000 BAM

60 months

21,50%

2,00%

24,95%

SME Classic Loans

SME Classic Loans are designed for registered businesses, which require small investments to either start-up, improve or expand their business activities. EKI will help you improve your business with the SME Classic Loan and the simplest procedures.

  • Loan size from 300 to 10.000 BAM
  • Repayment period of up to 42 months
  • Grace period of max. 9 months
  • Loan processing fee 2%
  • Nominal Interest Rate (NIR) is fixed and calculated on annual level, while its value depends on the loan size and ranges from 16,50% to 20,50% as laid out in the table below:

 

Loan size

Up to 3.000 BAM

from 3.001 BAM
to 4.000 BAM

from 4.001 BAM
to 6.000 BAM

from 6.001 KM
to 10.000 BAM

Max. repayment period

24 months

36 months

42 months

42 months

NIR

20,50%

19,50%

17,00%

16,50%

EIR FBiH

25,13%

23,13%

19,89%

19,29%

The given Effective Interest Rate (EIR) values were calculated for the maximum loan size and maximum repayment period.

Effective Interest Rate (EIR) is an interest rate that reflects all of the expenses related to the loan, including the Nominal Interest rate (NIR) and its value depends on the loan size and the length of the repayment period. The calculation of EIR in BiH Federation includes the loan processing fee.

Example of calculation of the Effective Interest rate (EIR):

Type of Loan

Loan Size

Repayment Period

NIR

Loan processing Fee

EIR FBiH

SME Classic

10.000 BAM

42 months

16,50%

2,00%

19,29%

 

SME Premium Loans

SME Premium Loans are designed for registered businesses, which need major investments for improving or expanding their business activities. With the EKI SME Premium Loan you can purchase raw materials, machines, and equipment for your business, you can also construct or purchase a business facility and enrich your business with some other types of current or fixed assets that you need.

  • Loan size from 10.000 to 50.000 BAM
  • Repayment period of up to 60 months
  • Grace period of max. 9 months
  • Loan processing fee 1,00% to 1,50%
  • Nominal Interest Rate (NIR) is fixed and calculated on annual level, while its value depends on the loan size and ranges from 15% to 16,50% as laid out in the table below:

Loan size

From 10.000 BAM
to 15.000 BAM

from 15.001 BAM
to 20.000 BAM

from 20.001 BAM
to 50.000 BAM

Max. repayment period

48 months

54 months

60 months

NIR

16,50%

16,00%

15,00%

EIR FBiH

18,79%

18,11%

16,60%

The given Effective Interest Rate (EIR) values were calculated for the maximum loan size and maximum repayment period.

Effective Interest Rate (EIR) is an interest rate that reflects all of the expenses related to the loan, including the Nominal Interest rate (NIR) and its value depends on the loan size and the length of the repayment period. The calculation of EIR in BiH Federation includes the loan processing fee.

Example of calculation of the Effective Interest rate (EIR):

Type of Loan

Loan Size

Repayment Period

NIR

Loan Processing Fee

EIR FBiH

SME Premium

15.000 BAM

48 months

16,50%

1,50%

18,79%

EKI Business Club

EKI Business Club (EBC) is an innovative service to assist EKI clients in placement of goods and services in the market, as well as enhancing their business and agricultural know-how. EKI Business Club consists of a monthly, free-of-charge Bulletin, delivered to clients’ doorstep, which allows clients to sell their products and services, and contains a variety of educational material—from recent developments in BiH relevant to their business, to tips and tricks on running a business. EKI Business Club members report that they are extremely satisfied with the service, and nearly 60% were contacted about their ads, and nearly 30% sold their product based on an ad. Clients report that the EKI Business Club has expanded and strengthened their business, and it also keeps them in touch with EKI and our services.

 

More info available at EKI's website

EKI Mobile Applications

With 69 branch offices and over 250 employees, EKI is one of the leading microcredit organizations in Bosnia and Herzegovina. Loans and services in our offer are designed to aim at starting and improving agriculture, small businesses and crafts. In order to ensure a permanent progress in our activities and to follow the trends of successful businesses, EKI introduced an additional service for our clients – EKI mobile application.

What is EKI mobile app?

EKI mobile app is a free-of-charge additional service available within the EKI Online Project with the purpose to ensure clients and all interested parties with up-to-date and useful information. EKI mobile app enables you to access information related to EKI loans and services at any location and any time through your Android mobile phone.

  • EKI mobile app for Android is available for download

  • EKI mobile app for iOS is available for download