Microfinance Fund Expands Eastern Europe Coverage

The European Fund for Southeast Europe is

to provide financing for micro and small enterprises in Armenia, Azerbaijan, Belarus and Georgia, according to Microfinance Focus. Under this initiative, approximately 300 million euros (USD428 million) will be channeled through microfinance institutions and banks in the four Eastern European countries. EFSE is the world's largest microfinance investment fund, and it primarily serves countries in Eastern and Southeast Europe.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.