The Small and Medium Enterprises (SME) lending project was successfully completed in Bank Eskhata. The project was funded from EBRD shareholders’ special fund. Technical assistance within the project’s framework was provided by the Swiss consulting company Business & Finance Consulting (BFC).
“Effective microfinance depends on effective training, which should involve business simulation games,” argued Michael Kortenbusch, Managing Director of Business & Finance Consulting, speaking at the second annual German-Moldovan forum for SME finance in Chisinau, Moldova on October 25, 2011.
JSC Microfinance Organization Crystal and consulting company Business & Finance Consulting (BFC) have completed a series of trainings and seminars, bringing new techniques and professional experience to one of the leading groups in the Georgian microfinance sector.
A ceremony of diploma presentation as a result of training of bank’s loan specialists took place at Areximbank—Gazprombank Group cjsc. The training was conducted by Business & Finance Consulting, a Swiss company. The project is aimed at delivery of consulting services, targeted at development of lending to small and medium-sized businesses in Areximbank.
Russian-owned VTB Bank (Armenia) and Business & Finance Consulting (BFC) company have successfully completed a two-year cooperation, VTB Bank (Armenia) press office told ARKA in a press release. According to it, a micro-crediting program has helped VTB Bank (Armenia) to move forward at the local market of small business financing.
Eskhata Bank is successfully implementing the program of lending to small and medium-sized enterprises with the support from EBRD, which allows to obtain, under favorable conditions, the necessary financial resources for successful development. This project is supported by the EBRD Shareholder Special Fund and the Support Fund for countries in early stages of transition to market economy and is active since the beginning of 2010 within the Eskhata Bank under the technical assistance of a Swiss consulting company (BFC). The most important advantage of lending to small and medium enterprises is the provision of lending for longer period of time and lower interest rates. The credit is granted in a short time depending on the amount requested, loans may reach 500 thousand USD and more. Up-to-date, this program has provided loans amounting than 15 million somoni.
Belaruskiy Narodny Bank started cooperation with German Development Bank (KfW) in order to improve lending and servicing programs for small and medium enterprises (SMEs). One of the KfW activities is assisting SME development in CIS countries. Cooperation with KfW is implemented through the technical assistance program TRANSFORM, financed by the German Ministry of Finance and by the German Ministry of Economy and Technology.