Ivana Mitrovic

Credo Bank and the European Investment Bank signed a five-year GEL 36 million finance agreement to support micro, small and medium enterprises operating predominantly in agriculture sector. The loan is provided under the EIB’s Georgia Outreach Initiative and comes a part of an immediate response to Covid-19 pandemic launched by the European Union, its Team Europe and is facilitated by an EU grant.

In the microfinance sector, we rely significantly on the honesty of our employees and clients. A range of factors force us to depend on trust, but most of it comes down to information. Only rarely do we have third party-verified data, meaning we must do the verification work ourselves. While almost all clients and employees are honest, there are always a few willing to abuse the trust of the company.

The COVID-19 emergency might have shut classrooms worldwide, but that doesn’t stop AccessHolding’s Learning and Development unit being innovative and adapting to changed circumstances. In May, the very first AccessCampus virtual classroom training session went live to 21 participants across the network proving that AccessCampus is indeed always accessible.

On 29th of May 2020 AB Bank Zambia launched its own mobile wallet, eTumba. eTumba offers real-time banking and combines the user-friendliness and convenience of a mobile wallet with the security and reliability of a bank account. It offers easy and instant self-registration via USSD or Android app.

Because the COVID-19 emergency limits mobility and increases the need for people to work from home, the cyber-security perimeter has rapidly expanded. What was previously deemed sufficient to address existing and ever-growing cyber-threats has had to be re-evaluated.