MFI ReportMission:
DEMOS is a nationally registered financial institution whose mission is to provide financial and non-financial products and services throughout Croatia to those with limited access to formal financial services. DEMOS targets low-income clients, primarily in the agricultural sector, most of whom ... Read more
DEMOS is a nationally registered financial institution whose mission is to provide financial and non-financial products and services throughout Croatia to those with limited access to formal financial services. DEMOS targets low-income clients, primarily in the agricultural sector, most of whom do not have access to credit through the formal banking system. DEMOS also focuses on low-income entrepreneurs who want to start or expand small businesses. The approval or rejection of a client’s application for a DEMOS loan is based on their needs and capacity to operate a profitable, economically viable activity in agriculture, manufacturing, retail and trade. Hide
Background and Main Challenges:
DEMOS is currently at an exciting time in its life as an organization. After its founding in 2000 as a Savings and Loan Cooperative, it has now achieved financial and operational sustainability and operates across many areas of Croatia, serving over 1,800 active clients with over $2.5 million in ... Read more
DEMOS is currently at an exciting time in its life as an organization. After its founding in 2000 as a Savings and Loan Cooperative, it has now achieved financial and operational sustainability and operates across many areas of Croatia, serving over 1,800 active clients with over $2.5 million in lending and savings products.
Today, the main challenge faced by DEMOS is to complete its transformation into a licensed Savings Bank and to locate additional debt or equity funding to support increasing client demand. The new Croatian Law on Banking passed in December 2006 will allow DEMOS to more effectively serve the needs of Croatian citizens who lack access to financial services. Hide
Today, the main challenge faced by DEMOS is to complete its transformation into a licensed Savings Bank and to locate additional debt or equity funding to support increasing client demand. The new Croatian Law on Banking passed in December 2006 will allow DEMOS to more effectively serve the needs of Croatian citizens who lack access to financial services. Hide
Address:
Josip Borzic, M. Gambona 4
Karlovac
47000
Croatia
Phone:
+385-47-615-827
Fax:
-478
Email:
demos [at] demos-skz [dot] hr
Website:
Main Funding Sources:
Grants
Shareholder Capital
Products and Services:
Loans
Voluntary Savings
Products:
Loans
Savings
Savings
Services Provided:
Business Development Services
Looking for (Investment Types):
Donations
Capacity Building Grants
Equity investments
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 2000
FYE:
31-Dec
Current Legal Status:
Credit Union / Cooperative
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Daniel Giesgiesdm [at] gmail [dot] com
-
Josip BorzicCEOborzic [at] demos-skz [dot] hr+385 47 411 9962
