The Grameen Credit Agricole Foundation funds a new microfinance partner in Georgia

The Grameen Crédit Agricole Foundation granted a first € 1.2 million loan to the Georgian microfinance institution Lazika over a three-year period. With this funding, the Foundation now has two partners in this Caucasus country and a total of twelve microfinance partners in the Eastern Europe, Caucasus and Central Asia region.

Lazika is a microfinance institution created in 2000 by Oxfam Great Britain. Its mission is to facilitate access to financial services adapted to entrepreneurs with low and medium incomes. Lazika provides its customers diversified credit products (trade, agriculture, consumption, etc.) according to the individual methodology.