Another microfinance organization stopped working in Georgia. Vice President of the National Bank stated on October 3rd.
Microfinance Organization Business Startup Credit registration was abolished and the process of liquidation of the organization started.
According to the National Bank statistics this year the number of microfinance organizations is decreasing almost every month.
The number of microfinance organizations has been reduced by 17. Specifically as of October of last year 67 microfinance organization were registered in Georgia.