BAKU, Azerbaijan, Nov. 13
By Tamilla Mammadova – Trend:
The number of microfinance organizations (MFOs) operating in Georgia reduced by 16 as of the 3rd quarter of 2020 compared to the same period in 2019, Trend reports via Georgian media.
In particular, in the 3rd quarter of 2019 the country had 56 MFOs while this year their number has reduced to 40.
The number of staff hired by microfinance institutions was cut by 152 people.
In the 3rd quarter of 2019 the sector employed 4,174 people while in the reporting period of 2020 - 4,022.
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