Produce companies learn how to access finance.
To help agribusiness companies learn about opportunities available on the Macedonian financial market to address their financial needs, the USAID USAID United States Agency for International Development
USAID Agencia de los Estados Unidos para el Desarrollo Internacional (Spanish) AgBiz Program held a matchmaking forum.
Representatives of leading Macedonian banks and financial institutions, including the Macedonian Bank for Development Promotion (MBDP MBDP Micro Business Development Program (Vermont) ), Agricultural Credit Development Fund (ACDF ACDF Anterior Cervical Discectomy and Fusion
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One of the key topics was factoring, a financial product the MBDP recently introduced with USAID support, which enables exporting companies to access finance without additional guarantees and collateral.
"Access to financial products tailored to the needs of the company is critical to the success of any agribusiness," said USAID Economic Growth Officer, Joseph Lessard. "Awareness and utilization of local financing options can ensure a firm's continued growth, competiveness, market access, export expansion, and most importantly, job creation."
The USAID AgBiz Program, through the Innovation Center, a local non-governmental organization, will continue to facilitate access to finance for Macedonia's fresh fruit and vegetable and processed vegetable companies. The Center's Financial Facilitators are assisting the companies to develop bankable business plans, which are indispensible for accessing locally available financial products.