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FINANCE & EXTENSION & COOPERATIVE DEVELOPMENT FOR GEORGIAN FARMERS
FinExCoop GEORGIA
Newsletter - March 2021 - Issue 2
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Georgia did not escape the pandemic. During the first wave of Covid-19, its number of cases and deaths was among the lowest in the world. But then came the second wave with a heavy toll: by February 2021 more than 262 thousand cases of contamination (nearly 7 percent of the population) and 3,300 fatalities. In December 2020, there was a peak with more than 5,000 cases per day. At that time, Government of Georgia (GoG) had reverted to tough measures to prevent the virus from extending. As of now, they seem to have paid off and GoG has been able to reduce restrictions, but much uncertainty remains even though Georgia has already access to its first doses of vaccines. Read more...
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ABOUT FinExCoop
The 4-year FinExCoop project is funded by the European Union (EU) under the NIF Programme Trust Fund. Even though it is not stricto sensu an ENPARD project, it is fully coordinated with the ENPARD programme in Georgia. FinExCoop is
Read more...
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HOW DO WE WORK
FinExCoop combines two approaches:
1. Top-down approach
2. Bottom-up approach
Both approaches are based on a constant interaction with AFD, the EU, RDA
Read more...
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TOP DOWN: SUPPORT TO PFIs
We are currently working with one FinExCoop PFI on the development of an agro-credit scoring system. We are reinforcing capacities of PFIs in the field of agri-lending through dedicated trainings and consultancy. We are working on development of new financial products needed for Georgian farmers and cooperatives.
Read more...
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TOP DOWN: SUPPORT TO ICCS AND PRIVATE EXTENSION SERVICES
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FinExCoop is active in:
- Strategic research on agriculture and our value-chains.
- Trainings in extension methodology.
- Technical trainings in our value-chains.
We are conducting economic
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TOP DOWN: SUPPORT TO THE DEVELOPMENT OF COOPERATIVES
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Since the beginning of FinExCoop, we have been closely working with many cooperatives supported by RDA to identify the main bottlenecks they are faced with and try to solve them. We have also held many exchanges with other stakeholders in cooperative development, including the EU team
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BOTTOM-UP DEVELOPMENT: FinExCoop PILOT DEVELOPMENT PROJECTS
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FinExCoop’s pilot development projects aim at connecting Georgia with best agricultural technologies through a two-arch bridge approach using existing larger modern farms to Test new technologies and Train a new generation of specialists Read more...
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WHAT’S NEXT?
Because of Covid-19, the first and a half year of FinExCoop has been quite difficult. But Covid-19 has also created opportunities. At macro level, there is now a need to make agriculture and agribusinesses the main vectors of economic diversification of Georgia.
Read more...
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For more information, please contact us via email
info@finexcoop.ge or reach us at +995 599 30 57 58. Please also visit our
website and our Facebook page. We look forward to hearing from you! |
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This publication has been produced with the assistance of the European Union. Its contents are the sole responsibility of FinExCoop and do not necessarily reflect the views of the European Union. |
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