USAID’s Factoring Project in collaboration with FCI, the Economic Chamber of Macedonia and Macedonian Banking Association would like to invite you to its first joint regional conference.

USAID’s Factoring Project in collaboration with FCI, the Economic Chamber of Macedonia and the Macedonian Banking Association would like to invite you to its first regional conference on “Factoring as an alternative tool for financing SMEs”. The overarching goal of the USAID Factoring Project is improving the competitiveness of SMEs by expanding their market opportunities through access to alternative financing services. The project supports SMEs by informing them about the access to alternative financing options. Factoring, as one of them, supports the growth of companies by providing quick access to finance and accelerating the cash flow required for companies to grow more efficiently. Representatives of small and medium-size enterprises, financial institutions, the legal and regulatory community, chambers of commerce, business service providers and regional factoring associations will have the opportunity to hear about the latest trends in the factoring industry by the highest representatives of FCI. FCI was set up in 1968 as an umbrella organization for independent factoring companies around the world. Today they have grown into the world's representative factoring network and association with close to 400 members in 90 countries. When FCI started, domestic factoring was only available in North America and a few European countries. The concept of cross-border factoring was still new and restricted by its lack of geographic reach. Recognizing the potential for international factoring, the founding FCI members realized an umbrella organization was needed, firstly to introduce factoring in countries where it was not yet available, and secondly to develop a framework for international factoring that would allow factoring companies in the country of the exporter and the importer to work closely together. FCI is truly the global representative body for the Factoring & Receivables Finance Industry. Please confirm your attendance no later than Wednesday, May 8th, 2019 with Katerina Markovik via telephone +389 (0)78 369-824 or via email: ina@faktortrust.com.mk