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TRANSYLVANIA: HELENOS INVESTMENT DEDICATED TO RURAL DEVELOPMENT

It is our pleasure to announce that Helenos is finalizing an equity investment in FAER in Romania. FAER was created in 1990s to protect and support the development of rural areas in Transylvania. True to its original mission, the MFI serves predominantly rural areas (82% of portfolio) and agricultural activities (78% of loans). Apart from financing, farmers have access to training and advisory services provided by the FAER Foundation. In 2018 FAER was certified for the compliance with the European Code of Good Conduct for Microcredit Provision.

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