An EU project implemented by AFD
After the completion of a 6-month feasibility study, the second and implementation phase of Finance, Extension and Cooperative Development for Georgian Farmers (FinExCoop Georgia) has been kicked off in August 2019. The 4-year project is funded by the European Union (EU) under the NIF Programme with a total budget of EUR 4 million, and managed and coordinated by the Agence Française de Développement (AFD). The project aims at improving access to finance and agricultural extension services for small farms and cooperatives in Georgia. Our objectives are to provide Georgian farmers and cooperatives with on-field capacity-building, thus increasing their creditworthiness and financial inclusion in the long run.
Moreover, we provide technical assistance to local financial institutions that are willing to increase their financing to the small-scale farms and cooperatives with innovative agri-finance delivery models and products. Lastly, the project contributes to the policy dialogue on the agricultural sector and particularly on agricultural finance in the country.
This project is part of a global program aiming at improving financial inclusiveness and access to market for small-scale commercial farmers. The first component was financed by Proparco, AFD’s subsidiary dedicated to the private sector, through agro-credit lines extended to two major Georgian financial institutions.