Mr. Perlat Sulaj, CEO of FED invest, joined the European Fund for Southeastern Europe (EFSE DF) Conference “Investing for the Common good: ESG risks to return” in Sarajevo (18-19 September 2023), as a panelist in the session: "Aligning Profit & Environmental Stewardship in Agriculture" 🌱🌾
In his discussion, Mr. Sulaj showcased FED invest's impactful journey, as a champion of promoting social finance and financial inclusion for Albanian farmers and small entrepreneurs. Through FED invest, smallholders and MSMEs alike now enjoy access to current accounts, utility payments, internet banking, overdrafts, in addition to a vast array of traditional loan and deposit products.
ABA Centre and abaonline.al were highlighted for their instrumental role as vehicles of agri and financial education and promoters of sustainable farm practices.
Mr. Sulaj emphasized the pivotal role of strategic partners like EFSE DF and Rabo Partnership in supporting FED invest's goals towards more sustainable and prosperous future.
Join us in congratulating FED invest and Mr. Sulaj on this remarkable achievement, and let's continue to support our commitment for a better world through sustainable agriculture.
EFSE: EFSE Holds ESG Summit in Sarajevo
#EFSEConference #Sustainability #Agriculture #FinancialInclusion #EnvironmentalStewardship #ESG #SocialFinance #RaboPartnership
About the EFSE Development Facility
The Development Facility of the European Fund for Southeast Europe (EFSE DF) was created in 2006 to support the fund’s development finance mandate. It deploys effective, targeted, and innovative technical assistance to maximise the impact and extent of the fund in EFSE’S target countries. The EFSE Entrepreneurship Academy is an arm of the EFSE DF that specifically focuses providing entrepreneurs with the resources, training, opportunities for financial backing, and other means necessary to turn good ideas into successful enterprises.
Managed by impact asset manager Finance in Motion, the facility operates independently from the fund in a fiduciary arrangement under Luxembourg law. The Development Facility Committee, comprising members nominated by KfW Development Bank, the development bank of Austria OeEB, and the Dutch development bank FMO, is responsible for assessing and approving all project proposals and providing strategic guidance to the facility.
For more information on the European Fund for Southeast Europe, please visit: www.efse.lu
For more information on Finance in Motion, please visit: www.finance-in-motion.com
About FED invest
FED invest Credit and Savings Association is the first pioneering microfinance institution established in Albania as a spin-off of a pilot World Bank initiative in 1992. FED invest represents a financial cooperative organization with more than 90 000 members served through 65 branches across the country. FED invest members include farmers, small-entrepreneurs, rural & urban families excluded from banking financial services. As a leader in providing affordable financial solutions to rural population, FED invest has a direct impact on the socio-economic development of Albania, with over 160 thousand loans and half a billion euros injected in the economy throughout its 31 years of existence.
