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Micro Development cooperates with a Bank in Serbia

Publication Good practices

Micro Development (MD) is a Serbian MFI that has been engaged in microfinance for more than 17 years, initially starting in 1997. This document looks at the established partnership of MD with a commercial bank to reduce transaction risks, increase financial access to the unbankable and comply with the country legislation context. In cooperation with the banks, Micro Development places a guarantee deposit to the bank, which then disburses the loans at a bank branch.