USAID Signs Agreement to Fund Project to Facilitate Financing to Albanian SMEs

Thursday, September 22, 2016

USAID signed a cooperative agreement with Creative Business Solutions for their new $1,410,000 project, SmartCapital, financed by through a cost share with USAID. SmartCapital aims to boost economic growth by facilitating financing, sustainable business investments and trade in key sectors of Albanian economy, including agriculture, tourism, and environment. It will mobilize a significant contribution of resources on a 1:3 basis, through innovative and market-based solutions. SmartCapital’s interventions will be directly attributable to achieving at least $21million of direct economic benefit for enterprises supported through the program.