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economics
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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