Georgian hazelnut producers can get financing secured by a nut
Hazelnut Kernel
Georgia
Published Sep 28, 2022
Tridge summary
According to bm.ge, a memorandum was signed between Liberty Bank and the Association of Hazelnut Producers of Georgia, which provides for the launch of an innovative pilot program, in particular, the provision of loans to walnut growers under a simplified procedure (factoring), EastFruit reports. This program was initiated by the United States Agency for International Development (USAID/Georgia) and the Georgia Hazelnut Sector Development Project (G-HIP) implemented by CNFA.
Original content
Hazelnut was chosen for the pilot program, and Liberty Bank and the Association of Hazelnut Producers of Georgia became participants in the program. As part of the new agricultural project, Liberty chose the form of factoring, which is the best way to finance gardeners in a simplified form and in the shortest possible time. See also: Weak start of hazelnut export season in Georgia “The warehouse of the Nut Growers Association and the farmer himself participate in the factoring program together with Liberty Bank. The project is the best opportunity for nut growers to get financing from the bank in the shortest possible time, providing only nuts and in a simplified manner. The only requirement for the above is the storage of nut products in the drying and storage centers of the Georgian Association of Nut Producers, where all the conditions necessary for the storage of nuts are observed to the maximum; it is important that the farmer will no longer be responsible for the quality of ...
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