Posts Tagged ‘georgia’

Microfinance Focus, Dec. 22, 2009: The European Bank for Reconstruction and Development (EBRD) will provide its first loan denominated in Georgian Lari (GEL) to JSC Crystal Microfinance Organisation, said an announcement on Monday. The loan amount, equivalent to $1 million,  will be used to for on-lending to micro and small enterprises (MSEs). This transaction will help Crystal meet the increasing demand for longer-term loans in GEL, ... Full story

Microfinance Focus, Dec. 21, 2009: The European Fund for Southeast Europe (EFSE) will expand its operations to Armenia, Azerbaijan, Georgia and Belarus. The EFSE aims to provide financing for 70,000 micro and small enterprises (MSEs) in these countries through local banks and microfinance institutions, the EFSE announced in a statement. This is expected to cost €300 million. “Micro and small enterprises play a crucial role in ... Full story

Microfinance Focus, Sept 11, 2009: Extreme poverty affects at least 10 per cent of the population in many parts of the Asia and Pacific region, Asian Development Bank said in a report. Titled “The Key Indicators for Asia and the Pacific 2009”, the report lists 19 economies where more than 10 per cent of the population were living on less than $1.25 a day in the latest year for which data are available. Six of the 19 economies are from the former Soviet Union. Four of the five most populous countries are also included and the data is not available for Indonesia. Full story

Microfinance Focus, Aug. 20, 2009: The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, is sending its executive vice president Izumi Kobayashi to Uzbekistan, Kazakhstan and Georgia at the end of August on a fact-finding mission. Full story