ODI Law has advised REDI Development on a EUR 1 million term loan to microcredit foundation Horizonti Skopje. Dentons Luxembourg reportedly advised REDI as well.
REDI Development, incorporated in Luxembourg, is an investment vehicle with a specific focus on Roma entrepreneurs in Romania, Bulgaria, North Macedonia, and Serbia. According to ODI, “REDI Development has an investment capacity of EUR 5 million and the ability to provide loans and risk-sharing to financial intermediaries, as well as know-how related to the Roma culture.”
Horizonti is a specialist microfinance provider in North Macedonia, founded in 2000.
ODI’s team was led by Partner Gjorgji Georgievski and included Associate Ema Tasevska.
ODI could not provide additional information on the matter.