Special Report: Economics
April 23, 2021
MICROFINANCE SECTOR IN GEORGIA (2017-2020)
PMCG
- In 2017-2019, new regulations on microfinance institutions (MFIs) entered into force, which significantly altered the landscape of the industry. - Between Q1 2017 and Q4 2020, the number of MFIs and employees in the sector fell, with the former dropping to 40 and the latter to 4,145 by Q4 2020 (52% and 16% decrease, respectively).
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Policy and Management Consulting Group (PMCG) is development consulting company, specializing in policy advising, capacity building, social infrastructure development, and corporate management. PMCG is primarily working in the regions of Eastern Europe, the Caucasus, Central Asia, the Middle East and Africa, with bilateral and multilateral development institutions, such as: USAID, European Commission, World Bank, UNDP, ADB, JICA and others.
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