USAID Turizam and its partner financial institutions have a solution for you!
In the previous period, USAID Turizam signed a Joint Implementation Plan with nine banks, including In the previous period, USAID Tourism signed a Joint Implementation Plan with nine banks, including Addiko Bank d.d. Sarajevo, Addiko Bank a.d. Banja Luka, Bosna Bank International d.d. Sarajevo, NLB Bank d.d. Sarajevo, ProCredit Bank d.d. Mostar, MF Banka a.d. Banja Luka, Privredna Banka Sarajevo d.d. Partnerships were also formed with two leasing firms, Sparkasse Leasing d.o.o. Sarajevo and Raiffeisen Leasing d.o.o. Sarajevo,as well as the Association of Leasing firms of Bosnia and Herzegovina and MKF Mikra, Sarajevo..
Through joint efforts with partner financial institutions, strong and coordinated support is provided for financing small and medium-sized enterprises in the tourism sector. Together, we create opportunities for private entities that want to invest in tourism value chain sectors!
What kind of assistance does USAID Turizam offer?
Collaboration with financial institutions include analyzing business plans, evaluating performance, and offering information to turn applicants into satisfied clients. Furthermore, we provide targeted assistance to projects that have potential but require some assistance to pass credit committees.
In discussions with private sector representatives, USAID Turizam identified that small and medium-sized enterprises (SMEs) in the tourism sector faced difficulties acquiring loans due to challenging procedures, inadequate financial literacy, and insufficient physical collateral. Through formalized partnerships, lending products are promoted through the USAID Turizam project’s social networks and partner financial institutions. However, one of the most significant aspects of these partnerships is providing technical support aimed at improving business performance and financial sustainability. The technical support you can expect from the project team includes activities to support product development and diversification, training and workforce development planning, as well as marketing and promotion.
Expected results
The ultimate goals of these activities are:
- Strengthening local capacities
- Enhancing the quality of the workforce
- Creating a profitable and successful business environment
- Promoting a corporate culture and efficiency in loan approval
- Introducing customized and innovative banking services
- Providing access to information to clients
- Building trust, stability, and accountability between applicants and financial institutions
Explore lending options for your business today!
By creating opportunities for financing small and medium-sized enterprises (SMEs), we encourage the diversification of tourism products and the creation of interesting products and content that will attract visitors from all around the world. In the long term, this will ensure significant economic gains for local communities and generate new jobs in the tourism sector.
Through this initiative, USAID Turizam ensures an assessment of the financing needs of tourism businesses, as well as the promotion of specialized products. The most important segment of this initiative is motivating financial institutions to invest in the tourism sector. With improved access to financing, SMEs have the opportunity for growth, access to different lending options, training for their teams, and the stabilization of business liquidity and solvency.
Send all enquiries to: info@turizambih.ba
