Improving access to financial services for agribusiness

24/09/2019

On 24.09.209, the Albanian Association of Banks (AAB) in cooperation with European Fund for Southeast Europe, Development Facility (EFSE DF) and RisiAlbania, a project of the Swiss Agency for Development and Cooperation (SDC), organized the workshop “Improving access to financial services for agribusiness”, attended by representatives of commercial banks, consulting services providers and agricultural entrepreneurs. This activity is part of AAB’s activity in implementing the financial education strategy.

It is crucial that rural businesses have the right information about the financial products and mechanisms offered, access to the appropriate expertise provided by consultants to implement growth-oriented business strategies and provide the necessary lending.

The event featured a ” Practical Guide” for Agribusiness to help rural business entrepreneurs with financial literacy. The presentation was made by Venera Hoxha, Investment Manager for EFSE Advisor Finance in Motion, EFSE Advisor, and Mr. Mihallaq Qirjo, Director of Local Office, Regional Environmental Center Albania.

Clara Garcia Parra, Head of Private Sector Development component at Risi Albania, explained the mechanism to ensure rural entities access to finance through the cooperation of financial intermediaries.

Participants discussed their needs and the potential for concrete solutions during B2B meetings.

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