Promotion of rural finance for sustainable MSE development

Armenia, Azerbaijan, Georgia, Ukraine

Local Project Partners
Central banks of partner countries, ministries of agriculture and affiliated government agencies and educational institutions, as well as agricultural sector associations and individual financial institutions

German Partners
Sparkasse Märkisches Sauerland Hemer-Menden
Sparkassenverband Westfalen-Lippe (SVWL)

German Federal Ministry for Economic Cooperation and Development (BMZ)

01.03.2021 - 31.12.2022

The impact of the COVID-19 pandemic and the increasingly significant climatic changes, pose huge challenges to commercially oriented agricultural micro and small enterprises as well as MSEs along agricultural value chains. These groups account for at least 50% of the entrepreneurial rural population in the five partner countries.

The overall objective of the project is to strengthen the economic participation of the target group through improved access to and use of financial services in rural areas of the partner countries. Thereby the project contributes to the sustainable improvement of livelihoods and the reduction of rural depopulation.

Through improved financial and business skills, heightened awareness of the effects of climate change, possible risk management and entrepreneurial adaptation concepts, the resilience of the local population to exogenous shocks such as the effects of climate change and the Covid 19 pandemic is to be increased.

Project Tasks

  • Development of measures to promote the entrepreneurial skills of the target group in rural areas (e.g. business planning, financial management and accounting, risk management, contingency planning, etc.) in cooperation with selected partner institutions.
  • Identify partner structures and consulting approaches to raise awareness among the target group as well as selected partner institutions on entrepreneurial risk management (e.g., insurance, risk avoidance strategies, contingency plans, and climate adaptation investments, etc.) considering the global COVID-19 pandemic and climate change impacts.
  • Create the conditions to strengthen institutional capacity of financial service providers to deliver demand-driven financing to the rural target group.

German Sparkassenstiftung for International Cooperation
Regional Office Southern Caucasus and Ukraine
Ilia Chavchavadze Avenue 47a
0179 Tbilisi, Georgia

Phone: +995 32 2224272

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