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Ambassador Beyrle Recognizes Top-Performing Roma Entrepreneurs of 2007
12.Mar.2008
The objective of the $1.1 million, 20-month USAID Roma Micro-lending project, implemented by the US NGO Catholic Relief Services (CRS) in partnership with the local micro-credit institutions Ustoi and Mikrofond, is to provide micro-lending opportunities in selected Roma disadvantaged communities, and to promote the image of the Roma entrepreneur. The Roma Micro-lending GDA supplements the traditional micro-credit activities of the local organizations, and utilizes their existing network of branches to extend credit access to minorities with minimum administrative costs. The project is one of the last programs funded by USAID in Bulgaria, and over the past 17 months has provided micro-credits to 611 entrepreneurs with a little above one million USD granted in micro-loans to individual businesses and groups of entrepreneurs from disadvantaged ethnic minority communities.