The European Bank for Reconstruction and Development (EBRD) is providing a local currency loan of up to US $2 million equivalent to the Tajik microfinance institution Arvand for on-lending for local micro and small enterprises (MSMEs). This loan is a part of a larger financing package approved for Arvand which also includes an agricultural component, the EBRD said.
Strengthening local enterprises is a key task for the EBRD as it aims to support the countries where it invests to re-energise growth. Access to finance remains a key impediment for the development of a strong and flourishing private sector, and a particular issue for MSMEs who often find access to finance difficult. Loans are also often not available in local currency. This new EBRD loan is helping to address these key issues.
For more on this story visit he following link: EBRD loan to support private sector in Tajikistan
Source: The Times of Central Asia