BFC together with Bankakademie developed and successfully tested an agricultural pilot lending project in a major Georgian commercial bank.
This groundbreaking pilot was one of the first ever attempts to develop a commercially viable agricultural micro lending product for a Georgian bank.
BFC’s approach featured:
- Drawing on international and regional best practices to inform the development of a first-class product;
- Elaborating a detailed risk management strategy by pinpointing the risks associated with rural micro lending;
- Building the rural microlending capacity of staff;
- Analyzing the strengths and weaknesses of project design;
- Expanding the pilot project to other markets.
86 clients from 30 villages received loans totaling USD 58,500, meeting their working capital requirements for the season and enabling better crop yields.