About the FinExCoop Georgia programme

The primary objectives of FinExCoop Georgia are to improve access to finance for small scale semi-commercial farms (dynamic family farms with a potential to become, with adequate access to finance and technical support, professional commercial farms) and promising cooperatives and to provide guidance, incentives and support to targeted farmers and cooperatives.
More precisely the Project aims:
 to provide through the “AFD Group-partner MFIs credit line”, appropriate agro-loans solutions to today’s underfinanced small-scale dynamic farms and cooperatives excluded from the Government’s (GoG) “cheap loan program”;
– to foster, through a set of eligible criteria, investments over working capital in order to boost the targeted beneficiaries’ development;
– to provide, through the technical assistance project, tailor-made economic, financial and potentially technical guidance to targeted beneficiaries in order to strengthen their
creditworthiness and competitiveness as well as demand-driven technical support to local financial institutions willing to increase their small-scale semi-commercial farms and cooperatives’ portfolios;


(i) AFD Group (Proparco) non sovereign credit lines to CRYSTAL (USD 7 M) and CREDO (GEL equivalent to USD 10 M) that should allow (i) up to 100
promising cooperatives and (ii) at least 600 dynamic small scale semi-commercial farms to access adequate credits to invest and support their development. (ii) Along with a grant from the European Union East Neighborhood Investment Facility (NIF), (4 M€), exclusively dedicated to the financing of the technical assistance project.
The objectives will be (i) to provide final beneficiaries with on-field capacity-building, thus increasing their creditworthiness and financial inclusion in the long run and (ii) to provide
some limited ad hoc support to other stakeholders such as local financial institutions (particularly partner MFIs Credo and Crystal, in order to leverage the AFD credit lines) willing to increase their financing to the small-scale farms and cooperatives.
To this end, the technical assistance project will encompasses the following activities:
– Detailed design: accurate identification of the so-called small scale dynamic semi-commercial farms and promising cooperatives, and design of an appropriate advisory scheme according to their needs building up on the existing schemes, especially the Information and Consultation Centers;
– Pilot advisory network scheme: on-field consulting services and follow-up in terms of economic, financial and technical advices (accountability, business plan, best practices, marketing plan, etc.) in order to increase productivity and profitability of farms;
– Feasibility of innovative tools: pilot experimentations in the fields of property/land credit, contractual farming financing schemes, leasing, investment grants, guarantee mechanisms;
– Ad hoc expertise to financial institutions: e.g. for the improvement of corporate and social responsibility policies or the development of dedicated risk assessment tools/methodologies;

– Contribution to the policy dialogue on the agricultural sector and particularly on agricultural finance in the country;
Monitoring, reporting and auditing: regular assessment of the project implementation and impacts.
The final goal is to demonstrate the relevancy and efficiency of a dedicated “pilot advisory network scheme” towards small scale farmers and cooperatives, that could be reproduced and extended by the GoG or any other relevant stakeholders.

FinExCoop sees Georgia as a key country in the region. With its potential of imports with its neighbouring countries, as well as high demand in local market, FinExCoop Georgia is going to help farmers and cooperatives to increase their yields and meet this demands. The Project’s goal is to help rural areas of the country in development.

Programme donors and partners

Project is funded by EU and coordinated by AFD. FinExCoop Georgia partners are Mercy Corps and RDFG.

FinExCoop Georgia is working together with Ministry of Environmental Protection and Agriculture of Georgia. FinExCoop Georgia cares about involvement of its local stakeholders in the pilot project selection for more inclusive project implementation.


AFD is France’s bilateral development bank, a regulated public financial institution subject to banking laws. The Agency finances and assists development projects and programmes to support sustainable and shared economic growth, improve living conditions for the poorest, help preserve the environment and stabilize fragile and conflict-affected countries.

AFD is overseen by three French Ministries: Finance and the Economy, Europe and Foreign Affairs and the Overseas Provinces. Every three years, AFD and its overseers formulate a means-and-objectives contract that sets out indicators to measure the Agency’s achievement of its quantitative and qualitative objectives.

AFD works in France’s overseas provinces and in more than one hundred and ten countries across five continents. The Agency provides a wide array of analytical, financing, hedging, training and capacity-building instruments and support to central and local governments, the private sector, and local nonprofits to implement highly diverse economic, social and environmental projects and programmes. One of AFD’s subsidiaries, PROPARCO, finances private-sector enterprises.

AFD also collaborates with French and international academic institutions to fuel debate and thinking about the future of development. The Agency manages the French Global Environments Facility (FFEM), which cofinances environmentally-friendly development projects. In these ways, AFD projects French influence and savoir-faire in the development sphere.

Further information about AFD is available in French and English at the following link: .

The NIF is a facility stemming from the financing options offered by the European Neighbourhood Instrument (ENI) Regulation. It is intended to provide EU grant support for lending operations led by European multilateral development-finance institutions and also bilateral development finance institutions of the Member States. The NIF approves grants for investment co-financing, loan guarantee cost financing, interest rate subsidies, risk capital operations and technical assistance packages. The objective is to associate European Union grants with loans from consortia of European Finance Institutions in order to finance large investment projects in the ENI region.

The European Union (EU) provides support to rural development and agriculture in Georgia through ENPARD, the European Neighbourhood Programme for Agriculture and Rural Development.
Implemented since 2013, the main goal of the ENPARD programme is to reduce rural poverty. Programme assistance is provided to the government and also to NGOs working directly with communities on the ground.
Through the ENPARD programme, the European Union aims to reach three goals:
·         To build capacity and support government institutions in the reform of the agriculture and rural development sector;
·         To improve employment and living conditions of rural populations by strengthening farmers’ cooperation skills and access to resources;
·         To promote diversified social and economic opportunities in rural areas, particularly for women and youth, in due respect to the environment and the cultural heritage.

The total budget for ENPARD in Georgia for 2013-2021 is M 179,5 €.