Georgia: Microloans in Rural Development

The article, published in November 2005 by KfW’s Project Manager Stefan W. Hirche and BFC’s Managing Director Michael Kortenbusch, identifies the main reasons for the lack of finance for small enterprises in rural areas of Georgia, and why most microfinance suppliers have focussed their attention on the urban centres.

Furthermore, previous experiences with microlending operations in Georgian rural areas are summarised and suggestions made on how to deal with some of the inherent problems of agricultural lending.