PROJECT COMPONENTS

The Factoring Project provides technical assistance and implements a range of activities across three main components.

• Raising awareness and knowledge of SMEs about alternative financing opportunities.
• Improving the legal and regulatory environment for factoring;

MAIN ACTIVITIES

• Conduct a series of roundtables, workshops, and informative events.
• Inform and initiate dialogue with a cross-section of stakeholders, including representatives from business and financial associations, legal and regulatory authorities, business development organizations and the media.
• Identify bottlenecks and shortcomings in the legal and regulatory environment that may impact the effective use of factoring by SMEs.;
• Propose recommendations to address legal barriers and circulate them through association networks.
• Conduct targeted trainings for SMEs to improve their understanding of factoring as a financial tool that can generate immediate and affordable liquidity and increase companies’ sales and revenues.

PROJECT STAKEHOLDERS

The Factoring Project works closely with businesses, professional and financial associations from targeted industries, including legal and regulatory authorities, business development organizations, and media associations. The Project coordinates its activities with USAID and Faktor Trust. Additionally, the Project will collaborate with other USAID economic growth activities, including the USAID’s Business Ecosystem Project, the Microfinance Inclusion and Innovation Project.