Promotion of rural finance for sustainable MSE development in the South Caucasus and Ukraine
Project term: 01.03.2021-31.12.2022
The impact of the COVID-19 pandemic and the increasing climatic changes, pose huge challenges to commercially oriented agricultural micro and small enterprises as well as MSEs along agricultural value chains. These groups account for at least 50% of the entrepreneurial rural population in Armenia, Azerbaijan, Georgia, and Ukraine.
The overall objective of the project is to strengthen the economic participation of the target group through improved access to and use of financial services. Thereby the project contributes to the sustainable improvement of livelihoods and the reduction of rural depopulation.
Through improved financial and business skills, heightened awareness of the effects of climate change, possible risk management and entrepreneurial adaptation concepts, the resilience of the population to exogenous shocks such as the effects of climate change and the Covid 19 pandemic is to be increased.
Development of measures to promote the entrepreneurial skills of the target group in rural areas (e.g. business planning, financial management and accounting, risk management, contingency planning) in cooperation with partner institutions
Identify partner structures and consulting approaches to raise awareness among the target group on entrepreneurial risk management (e.g., insurance, risk avoidance strategies, contingency plans, and climate adaptation investments)
Create the conditions to strengthen institutional capacity of financial service providers to deliver demand-driven financing to the rural target group
» Central banks » Ministries of agriculture and affiliated government agencies and educational institutions » Agricultural sector associations » Financial institutions
By working on this project, we are contributing to the fulfillment of these Sustainable Development Goals (SDGs) in accordance with the 2030 Agenda:
The German Sparkassenstiftung for International Cooperation is the development-policy arm of the Sparkassen-Finanzgruppe. Its task is to disseminate the successful Sparkasse idea across borders and around the globe. The German Sparkassenstiftung strengthens financial institutions and promotes financial literacy for all segments of the population. This broadens access to financial services and helps to create jobs and generate income.