JSC "Lazika Capital" is non-banking microfinance institution. Mission of the company is to provision the access of low and middle income entrepreneurs to the adequate financial services. Lending s...
JSC "Lazika Capital" is non-banking microfinance institution. Mission of the company is to provision the access of low and middle income entrepreneurs to the adequate financial services. Lending strategy of Lazika Capital stimulates the legalization and institutionalization of entrepreneurship particularly in rural areas, with a large concentration of informal income generating activities and bridges that segment to SME standards. The small scale rural and semi-urban entrepreneurs are the principle target for geographical expansion of Lazika Capital; however its financial growth will permanently maintain optimal concentration of the products tailored to the needs of SMEs. Unlike to the other microfinance organizations the main priority of Lazika Capital is purely a business development, therefore the lending scheme and operating specifics are maximally tailored to the stimulation of micro and small business and prevent their own or borrowed funds from spending for consumption needs. Though as an adequate response to existing demand on market, some small portion of consumption loans are offered mainly to rural low-income borrowers, in order to prevent them from borrowing money from pawnshops or private creditors in case of necessity . Lazika Capital is funded by leading international financial institutions such as : BlueOrchard, Symbiotics, responsAbility, Incofin, MCE Social Capital, Triple Jump, IFAD and Grameen Credit Agricole.